Alaska

Private company takes over feasibility assessment and development of $44 billion Alaska LNG project

Published

8 months ago

March 28, 2025

Private company takes over feasibility assessment and development of billion Alaska LNG project

The long-struggling, $44 billion Alaska LNG project has landed a private partner that will take over majority ownership of the company that seeks to deliver natural gas from the North Slope to Alaskans and the world.

The Glenfarne Group will also lead development of the project to construction and operation after the board of the Alaska Gasline Development Corp. on Thursday agreed to a binding deal with the company, according to a statement from AGDC, a state agency.

“Glenfarne’s financial, project management, and commercial expertise is well matched to lead this vital project forward,” said Brendan Duval, Glenfarne’s founder. “Alaska LNG will provide desperately needed energy security and natural gas cost savings for Alaskans and give Glenfarne unmatched flexibility to simultaneously serve LNG markets in both Asia and Europe through our three LNG projects.”

The change in ownership is significant in part because the state corporation has run the project on its own for nearly a decade, after the major oil companies that were its original partners backed out in 2016.

Glenfarne, founded in 2011, is a New York company that develops, owns and operates energy and infrastructure projects. The company is the developer, owner and operator of Texas LNG, the most recent U.S. LNG project to fully sell its LNG volumes with a total market value over $60 billion, its founder Brendan Duval said in February.

“Alaska LNG will ensure a brighter future for generations of Alaskans and I look forward to working with Glenfarne as they lead Alaska LNG forward,” said Frank Richards, president of the AGDC.

“Today is a historic day for Alaska,” Gov. Mike Dunleavy said. “Alaska LNG will strengthen the U.S. geostrategic position in the North Pacific, provide vital energy security for our residents, our military bases, our businesses, and our Asian allies, and unlock billions in economic benefit at home and abroad.”

The project has seen renewed interest from Asian companies that might serve as investors or gas buyers, and President Donald Trump has touted the pipeline as a key project he’d like to see built.

Trump said in his speech to Congress this month that his administration is working on a “gigantic” natural gas pipeline, referring to Alaska LNG. The project’s gas exports to Asia could be so large that they could help alleviate trade imbalances.

The state gas line corporation declined to release the contract with Glenfarne.

The project envisions development of a roughly 800-mile pipeline delivering natural gas from the North Slope. The gas would be processed at a treatment plant on the North Slope and liquefied in Nikiski on the Kenai Peninsula, then exported to Asian markets in oceangoing tankers.

Richards told the gasline board on Thursday that the deal calls for Glenfarne to assume 75% equity of 8 Star Alaska, the state agency’s project development company. The state gas line agency will hold the remaining ownership.

The state has the option to invest in individual facilities such as the gas treatment plant, he said.

“We’ve reserved the right for investment, for the state, of up to 25% in any of the subprojects or all,” Richards said. “And that will be an ongoing discussion with the Legislature and the administration on if that is an opportunity they would like to take or not.”

Glenfarne will cover the costs of the engineering and design work that needs to be completed before a final decision to build the project is made. Duval said the money will come from a consortium of private investors, but a federal loan guarantee could help support that effort, he said.

“They will fund and resource the Alaskan LNG project to final investment decision,” Richards said. “This covers the entire Alaska LNG project, and not just the initial phase of the pipeline.”

Duval said it’s possible a final investment decision could be made by the end of this year. LNG deliveries could begin in 2030 or 2031, he said.

It is unclear what investors, if any, would provide the large sums of money for construction of the project.

It’s also unclear where the natural gas would come from. The agency has signed a deal with a small oil and gas explorer in Alaska in an effort to provide gas for the first phase. Great Bear Pantheon, however, currently does not produce oil or gas. There’s no guarantee it will produce gas in Alaska.

Richards said the gas line agency is working on securing gas sales precedent agreements with other producers, including for gas at the Point Thomson and Prudhoe Bay fields.

Richards said the agreement with Glenfarne covers the entire Alaska LNG project, and not just the initial phase of the pipeline. “So gas treatment, pipeline and liquefaction (plant). But the priority is going to be the phase-one pipeline and gas for Alaskans,” Richards said.

The first phase of the project has been estimated to cost $11 billion. It calls for the construction of a 750-mile pipeline to deliver the gas from the North Slope to the Interior and Southcentral Alaska, where electric utilities are looking at importing natural gas as Cook Inlet gas dwindles.

After the first-phase construction, the larger project to export the gas can be built, according to the plan. That portion of the project includes the construction of a liquefaction facility.

Richards said he was calling into the meeting from Asia. He said he was on a trade mission with Glenfarne and Gov. Dunleavy to Asian countries, looking for companies that might commit to buying Alaska’s gas or investing in the project.

This is a developing story. Check back for updates.

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Alaska

Opinion: When $100 stays home: Shopping small strengthens Alaska

Published

17 hours ago

November 28, 2025

Press Room

Opinion: When 0 stays home: Shopping small strengthens Alaska

A pedestrian walks past a pair of Christmas trees in Town Square Park on Thursday afternoon, Dec. 10, 2020. (Bill Roth / ADN)

The holiday season is a time of giving, but for many Alaskans, this season means tightening belts instead. Between rising costs, inflation and the lingering impacts of tariffs and supply chain disruptions, burdens may feel heavier than usual.

That’s exactly why it matters where we spend what we can, keeping dollars local.

This Small Business Saturday, on Nov. 29, the Alaska Small Business Development Center, Anchorage Downtown Partnership, Anchorage Chamber of Commerce, Visit Anchorage and the Small Business Administration are inviting Alaskans to take a small but meaningful step: pledge to spend at least 10% of your holiday gifting with local businesses.

Because in Alaska, sticking together isn’t just something we say, it’s a way of life.

Consider a $100 purchase. If bought from a major online retailer or national chain, about $22 stays in Alaska — mostly covering shipping, logistics and applicable local wages. The rest flows to corporate headquarters, distant warehouses and out-of-state shareholders.

Spend that same $100 at an Alaskan-owned business and about $63 stays here at home. It pays employee salary and benefits, allowing them to save for college or a first home, and to stay and grow their careers here. It supports local manufacturers and artists, suppliers and service providers. It funds youth sports, sponsorships and nonprofit donations. One purchase. Multiple local impacts.

The visible difference is keeping our main streets alive and our neighbors employed.

Buy Alaska: Go local first

We know shopping local isn’t always easy. Prices can feel higher, and options can be harder to find, especially across such a vast state.

That’s why BuyAlaska.com was created. This free online directory connects shoppers with more than 1,200 Alaskan-owned businesses across our great state. You can search by product, service or location, from Utqiagvik to Ketchikan, and discover just how many local options already exist. BuyAlaska also helps businesses find local suppliers through the B2B Exchange, keeping even more money circulating among Alaskans.

The 10% shift

Redirecting just 10% of your regular purchases to Alaska-owned businesses could keep hundreds of millions of dollars in our economy. That money fuels paychecks, keeps doors open and gives small-business owners breathing room to weather rising costs and invest in growth.

Before you click “add to cart,” check BuyAlaska.com. If there’s a local option, choose it. If not, that’s OK, just look for the next opportunity. Every small shift adds up.

Alaska’s entrepreneurs operate in one of the most complex business environments in the country: high shipping costs, unpredictable seasons and supply chains that stretch across oceans. Yet they continue to adapt, innovate and show up for their communities.

They’re not just business owners, they’re our neighbors, parents at the hockey rink, and volunteers at local schools. Nearly 140,000 Alaskans work for small businesses. When they thrive, so does Alaska.

Your economy, your choice

Downtown Anchorage will kick off Small Business Saturday with local deals, community events and the annual Holiday Tree Lighting, a bright start to the season. But the opportunity to support each other extends far beyond one weekend.

Leave a positive review on a small business you frequent. Share your favorite local finds. Take the 10% Challenge and encourage others to do the same.

Our state’s economy grows stronger when we grow together. Every purchase is a vote for the kind of community we want, one that is resilient, connected and uniquely Alaskan.

This Small Business Saturday, and every day, you have the power to help Alaska thrive, one meaningful choice at a time.

Kendra Conroy is acting state director and associate state director, UAA Alaska SBDC.

Gretchen Fauske is director of Special Programs & Strategy, UAA Alaska SBDC.

Radhika Krishna is executive director of the Anchorage Downtown Partnership.

Julie Saupe is president and CEO of Visit Anchorage.

Kathleen McArdle is president and CEO of the Anchorage Chamber of Commerce.

• • •

The Anchorage Daily News welcomes a broad range of viewpoints. To submit a piece for consideration, email commentary(at)adn.com. Send submissions shorter than 200 words to letters@adn.com or click here to submit via any web browser. Read our full guidelines for letters and commentaries here.

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Alaska

The Sun

Published

1 day ago

November 28, 2025

Press Room

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Alaska

Opinion: Typhoon Halong’s aftermath revealed Alaska at its best

Published

2 days ago

November 27, 2025

Press Room

Opinion: Typhoon Halong’s aftermath revealed Alaska at its best

Kipnuk resident Garrett Kashatok holds 11-month-old Shameka while attending a town hall for people displaced by ex-typhoon Halong at Bettye Davis East High School on Wednesday evening, Nov. 12, 2025. (Bill Roth / ADN)

As we enter this holiday season, it is important to recognize and give thanks to the countless Alaskans who helped in Western Alaska’s emergency response to Typhoon Halong. In doing so, you helped preserve the dignity of your fellow Alaskans in need.

At the Yukon-Kuskokwim Health Corp. (YKHC), we had medical, behavioral health, construction and remote maintenance teams who worked very long hours and slept in affected villages. We shipped tens of thousands of pounds of critical supplies throughout the region. We set up and managed the Bethel shelter, its travel, meal preparation, laundry and cleaning operations. In future months, we will continue to lead water and sewer rebuilding efforts.

Since October, the daily local/state/federal emergency operations center has been hosted by YKHC at the Bethel hospital. YKHC helped lead and coordinate the local emergency operations center with other local agencies until the beginning of November and has since transitioned out of that role. YKHC assisted the Alaska National Guard and Coast Guard and evacuated more than 100 residents from affected villages to safe places of their choosing with more than 50 YKHC charter flights. We shipped more than 22,000 bottles of water, 12,000 ready-to-eat meals and other supplies throughout the region. Most of that was accomplished within the first five days after the storm.

We hosted Sen. Dan Sullivan, Sen. Lyman Hoffman, Rep. Nellie Jimmie, Speaker Bryce Edgmon, and other state and federal officials at YKHC for disaster coordination meetings. The state emergency operations center moved more than 600 evacuees out of the shelters to hotels and other noncongregate lodging by Oct. 31 — which for disasters, must be in record time. Hundreds more were taken in by family members from around the region, Anchorage or beyond.

I thank all 1,600 YKHC employees who helped survivors of Typhoon Halong. Your dedication and devotion toward achieving our mission and vision is applauded.

A special thank you to the Alaska National Guard and Coast Guard for their heroic and life-saving missions during the storm and those that continue today in order to help ready survivors’ homes for winter. The professionalism, urgency and compassion shown by the Guard, President Trump, Gov. Dunleavy, state of Alaska emergency operations center, FEMA, the Alaska Divisions of Forestry and Transportation, American Red Cross, AVCP, AVCP RHA, City of Bethel, Lower Kuskokwim School District, Samaritan’s Purse, Team Rubicon, World Kitchen, airline/cargo operators, local churches and businesses, the Municipality of Anchorage and many others is truly commended.

While recovery and repatriation will continue for months and years, if Alaskans continue to act with the same resolve as we did with this emergency response, more can be accomplished in the future.

Although many lost much during this tragedy, each of us still has much more to be thankful for during this holiday season.

Dan Winkelman is president and CEO of the Yukon-Kuskokwim Health Corp.

• • •

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