Alaska's LNG pipeline initiative expands to include Thailand, with Glenfarne overseeing the collaboration.

Glenfarne Alaska LNG Secures Strategic Partnership with PTT

In a significant development for the Alaska LNG project, Glenfarne Alaska LNG, a subsidiary of the Glenfarne Group, has signed a cooperation agreement with PTT Public Company Limited, the largest publicly traded company in Thailand. This partnership marks a crucial step towards the realization of the Alaska LNG project.

Under the terms of the agreement, PTT will procure 2 million tonnes per year of liquified natural gas (LNG) exported from Alaska over a twenty-year term. The cooperation agreement outlines the process for PTT and Alaska LNG to move towards definitive agreements for partnership.

Both corporations have also formed a joint venture called 8 Star Alaska as a holding company for the project. This joint venture reflects the strategic commitment of both parties to the success of the Alaska LNG project.

PTT, the publicly traded national oil and gas company of Thailand, has expressed pleasure at the strategic, cost, and stability advantages offered by the Alaska LNG project. This sentiment was echoed by Brendan Duval, CEO and founder of Glenfarne, who stated that recent events in the Middle East highlight the significant need for Alaska LNG from a secure, stable, and abundant source.

Glenfarne, with its extensive experience in the energy sector, owns sixty operating energy assets across five countries through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company is currently actively engaged with pipeline contractors and partnering with Worley to complete the engineering to support a final investment decision for Alaska LNG.

The Alaska LNG project consists of two phases. Phase 1 will deliver natural gas approximately 765 miles from the North Slope to the Anchorage region. Phase 2, which adds compression equipment and approximately 42 miles of pipeline under the Cook Inlet to Nikiski, will enable the export of 20 million tonnes per year.

Glenfarne has been actively seeking strategic partners for the Alaska LNG project, with more than fifty companies from the United States, Japan, Korea, Taiwan, Thailand, India, and the European Union participating in the selection process. The project has also garnered interest from additional counterparties globally, with potential partners expressing interest for more than $115 billion of contract value for Alaska LNG.

In addition to the PTT partnership, Glenfarne has also secured the investment of Taiwan's state-owned petroleum company, CPC Corporation. The company has signed an agreement to invest in Alaska LNG and buy gas exported from the state.

Moreover, Glenfarne Alaska LNG and Alaska LNG have reserved 50 percent of their available third-party LNG offtake capacity to investment-grade counterparties. This move demonstrates the project's commitment to securing long-term offtake agreements.

Under the leadership of Brendan Duval, Glenfarne became the 75% shareholder and lead developer of the Alaska LNG project in March 2025, with a target for a final investment decision for the pipeline in late 2025 and for LNG export components in 2026. Duval is leading the project's advancement, with commercial negotiations underway to develop the Alaska LNG infrastructure and export capacity.

The Glenfarne Group's capacity for Texas LNG is fully sold out, indicating strong market demand for LNG projects. With the strategic partnership with PTT and the progress on the Alaska LNG project, Glenfarne is well-positioned to meet this demand and contribute to the global energy market's stability and security.

Alaska's LNG pipeline initiative expands to include Thailand, with Glenfarne overseeing the collaboration.