TOKYO (March 15): Energy developer Glenfarne needs to secure offtake agreements for a further three million metric tonnes of liquefied natural gas (LNG) before making a final investment decision on the US$44 billion Alaska LNG project, its chief executive said on Sunday. Japan's major LNG buyers JERA and Tokyo Gas are among the companies that have agreed to preliminary offtake agreements. Glenfarne needs 80% of the LNG plant's targeted annual capacity of 20 million tonnes secured under offtake deals before proceeding with a final investment decision, he said. "(The) last three million tonnes will move very quickly," Duval said. The Alaska LNG project combines two phases of development — a pipeline and an LNG export facility — aimed mainly at supplying Asian markets.

Source: The Edge Markets March 15, 2026 05:44 UTC