May 18 (Reuters) – Glenfarne’s Alaska LNG said on Monday it had signed a long-term natural gas supply deal with ConocoPhillips and that it now had agreements for enough volumes to support a final investment decision for Phase One of its project and meet Alaska’s in-state natural gas needs.
The company said the 30-year agreement would supply natural gas produced on Alaska’s North Slope for Phase One of the Alaska LNG project.
Phase One includes a 739-mile, 42-inch pipeline to transport natural gas to Alaska consumers as the state faces looming supply shortfalls from declining Cook Inlet production. Phase Two would add LNG export facilities in Nikiski.
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Alaska LNG now has agreements with ConocoPhillips, Exxon Mobil and Hilcorp Alaska, as well as Great Bear Pantheon, a unit of Pantheon Resources.
Reporting by Pranav Mathur in Bengaluru; Editing by Tasim Zahid
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