Updated January 23, 2026 – Glenfarne is advancing Alaska LNG Project into its early execution phase after announcing a series of phase one milestones centered on construction readiness, including the issuance of pipeline construction awards and the finalization of line-pipe supply agreements. This has also been topped off by the signing of natural gas contracts. Together, the milestones continue to form a financial and physical foundation for the project’s North Slope gas pipeline. The milestones also involve securing materials, contractor engagement, and domestic gas offtake arrangements central to both short term infrastructure delivery and the long term development of Alaska’s LNG export system.

Major Phase One Alaska LNG Milestones

Construction Awards

Glenfarne has awarded pipeline construction roles – subject to definitive contract execution. This follows a multi-round bid process involving about 20 participants. These awards encompass the main 739-mile, 42-inch phase one pipeline and the Point Thomson Lateral segment. Some of the key contractors include:

• Precision Pipeline, LLC, a subsidiary of MasTec, Inc., who is a major U.S. pipeline builder with extensive experience on large transmission systems.
• Price Gregory International, known for oil & gas pipeline construction expertise in Alaska.
• A joint venture of Michels Pipeline, Inc. and Houston Contracting Company (ASRC Energy Services), combining Alaska-specific pipeline experience.
• A joint venture of Spiecapag (VINCI Construction subsidiary) and U.S. Pipeline.

The construction awards set the stage for phased construction and also help line up the workforce and technical teams needed to start ground-level pipe laying.

Line-Pipe Supply Agreements

Alaska LNG phase one will require around 700,000 metric tonnes of API 5L X70 line pipe for the main pipeline and an additional 25,000 tonnes for Point Thomson. Glenfarne has executed preliminary agreements for about two-thirds of this total with major global suppliers including:

• Corinth Pipeworks S.A., a long-established energy sector steel pipe manufacturer based in Greece.
• Europipe GmbH, a European producer of large-diameter steel pipeline with a global track record.

In addition, POSCO International also previously agreed to supply steel for Alaska LNG pipeline fabrication.

These supply agreements are important in securing materials ahead of fabrication. The contracts also help pre-position pipes for delivery into Alaska and fabrication yards later in 2026.

In-State Natural Gas Supply Agreements

To anchor gas volumes flowing into Alaska LNG phase one pipeline, Glenfarne has executed multiple gas sales agreements with North Slope producers that ensure a reliable feedstock for domestic delivery. This includes signings with:

• ExxonMobil for initial volumes into the pipeline.
• Hilcorp Alaska LLC for additional North Slope gas supply.

Alaska LNG also previously announced gas sales agreement with Great Bear Pantheon LLC.

In totality, the natural gas supply agreements establish key commercial terms including pricing, contract lengths and other conditions that help make the economic case for the Alaska LNG project.

In-State Offtake Arrangements

Glenfarne has also made in-state offtake deals for the Alaska LNG to ensure that natural gas delivered by the new pipeline first serves Alaskan demand. This includes:

• A non-binding letter of intent with ENSTAR Natural Gas Company for a 30-year supply of gas from the pipeline, pending definitive agreements and regulatory approval.
• A letter of intent with Donlin Gold Mine for delivery of up to 50 MMcfd of gas per day. The Donlin deal also encompasses the cooperation for development of long-distance gas and power infrastructure to serve the mine.

Baker Hughes Joins $44 Billion Alaska LNG Project With Equipment Supply and Investment

Reported November 11, 2025 – Baker Hughes has agreed to supply key equipment and take a stake in Glenfarne’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.