Alaska LNG Secures Supply Deal with ConocoPhillips for Pipeline Project

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.

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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