Glenfarne, a majority owner and lead developer of Alaska LNG, announced on June 3 that it had completed the first round of its strategic partner selection process and attracted interest totaling $115 billion for the project.

More than 50 companies from the U.S., Japan, Korea, Taiwan, Thailand, India and the EU participated. The potential partners formally expressed interest for more than $115 billion of contract value for various partnerships with the project, including equipment and material supply, services, investment and customer agreements, according to Glenfarne.

Alaska LNG is a joint venture with Glenfarne and the State of Alaska’s Alaska Gasline Development Corp. Glenfarne anticipates a final investment decision on the domestic portion of the Alaska LNG pipeline in late 2025 and recently announced a partnership with Worley to complete the final engineering for the pipeline portion of the project.

Glenfarne launched the strategic partner selection process in early May to partner with global companies with a desire for a long-term partnership with the Alaska LNG project.

The project consists of an 807-mile 42-inch pipeline capable of transporting enough natural gas to meet both Alaska’s domestic needs and supply the full capacity for the proposed 20-million tonnes per year Alaska LNG export facility.

Worley Ltd. was selected in May to provide final engineering work for the pipeline.

“The many expressions of interest received reinforce that the market recognizes Alaska LNG’s advantaged economics, fully permitted status, and powerful federal, state, and local support,” said Brendan Duval, Glenfarne CEO, in the announcement.

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