Baker Hughes has agreed to supply key equipment and take a stake in Glenfarne Alaska LNG’s Alaska LNG project. The move adds impetus to one of the largest planned energy developments in the U.S.
The companies announced the agreement on Monday, November 10, 2025 in Washington, D.C., where U.S. officials highlighted the project’s potential impact on national energy security. Baker Hughes will provide refrigerant compressors for the LNG terminal and power equipment for the North Slope gas treatment facility, along with an undisclosed strategic investment in the project.
The Alaska LNG Project, estimated to cost approximately $44 billion, would include constructing an 807-mile-long, 42-inch diameter pipeline from the North Slope to a liquefaction facility on the Kenai Peninsula. A second phase will include an export terminal capable of producing up to 20 million tonnes of LNG per year.
Glenfarne, which took over as lead developer earlier this year, has secured preliminary deals with buyers in Japan, Korea, Taiwan and Thailand for about 11 million tonnes of LNG annually, more than half what’s needed to reach a final investment decision.
Development Phases
The project is structured as two standalone phases. Phase One covers the pipeline that will answer Alaska’s domestic energy requirements, with engineering work to be complete by December. Phase Two includes the export terminal. A final investment decision is scheduled for late 2026.
The project is part of a broader U.S. effort to increase LNG exports and meet growing demand in Asia. Observers say that while the Baker Hughes deal strengthens the project’s industrial readiness, financing, logistics, and market conditions will remain key factors in determining whether the full project moves forward. While the Alaska LNG project moves forward, the Constitution Pipeline remains uncertain, though discussions continue about potentially reviving it.
Glenfarne’s North American LNG portfolio now totals nearly 33 million tonnes per year across projects in Alaska, Texas and Louisiana. Baker Hughes also supplies equipment for Glenfarne’s Texas LNG development.
If completed, Alaska LNG would connect one of the world’s largest untapped gas reserves with international markets, possibly giving a boost to U.S. energy exports and Alaska’s local economy.
Alaska LNG Project Factsheet
Overview of the Project
$44 billion Alaska LNG project designed to transport natural gas from Alaska’s North Slope to global markets
Includes 807-mile, 42-inch pipeline across Alaska to Kenai Peninsula liquefaction facility
Export terminal capacity: up to 20 million tonnes of LNG per year
Lead developer: Glenfarne Alaska LNG, LLC (assumed lead role in March)
Strategic Partnership
The strategic partnership between Baker Hughes and Glenfarne includes an equipment supply agreement and a financial investment in the Alaska LNG project.
Baker Hughes to supply key refrigerant compressors for LNG terminal.
Baker Hughes to supply power generation equipment for North Slope gas treatment plant.
The partnership was announced during a Monday, November 10, 2025 ceremony that included U.S. Interior Secretary Doug Burgum and Energy Secretary Chris Wright.
Phases of Project Development
Phase One: Pipeline construction for Alaska’s domestic energy needs
Engineering work by Worley expected to conclude December
Final investment decision expected shortly thereafter
Phase Two: LNG terminal and export infrastructure
Target investment decision: late 2026
Commercial Commitments
Preliminary agreements secured with major Asian LNG buyers in Japan, Korea, Taiwan, and Thailand
Commitments represent over 60% of volume needed for final investment decision
Recent deals signed with Tokyo Gas, JERA, and POSCO International
Strategic Significance
U.S. Interior Secretary Burgum: Called partnership a milestone for U.S. energy independence and strategic security Energy Secretary Wright: “Potentially one of the most significant energy infrastructure projects in our nation’s history” Could position the U.S. as the more dominant global LNG player, linking large untapped gas reserves with Asian demand.
Glenfarne’s Portfolio
Total North American LNG portfolio: close to 33 million tonnes per year Projects span across Alaska, Texas, and Louisiana. Previously partnered with Baker Hughes on Texas LNG development.
