Glenfarne secures majority ownership of Alaska LNG

US energy firm Glenfarne has definitive agreements to become the majority owner of Alaska LNG, a federally permitted liquefied natural gas (LNG) project on the US Pacific Coast.

Alaska Gasline Development Corporation (AGDC) will divest its 75% stake in 8 Star Alaska, a subsidiary that manages all Alaska LNG project assets, to Glenfarne.

Glenfarne will assume the role of lead developer for Alaska LNG, overseeing all work from design to final investment decision (FID).

Alaska LNG is designed to deliver North Slope natural gas to Alaskans and Alaska utilities, while exporting up to 20 million tonnes of LNG per year (mtpa).