An affiliate of Glenfarne Group has taken the reins of a mammoth pipeline and natural gas export facility planned for Alaska, with the state now a minority owner.
Glenfarne Alaska LNG is the new lead developer of the proposed Alaska LNG project, the company said in a joint announcement last week with the Alaska Gasline Development Corp., a public corporation of the state.
The $44 billion project includes an 807-mile natural gas pipeline and a terminal designed to export up to 20 million metric tons of liquefied natural gas (LNG) per year. The project has been stalled for years, but backers say it fits with President Donald Trump’s push to bolster U.S. energy production and exports. And the Trump administration has talked about working to make the project happen while including it in an executive order on Alaska’s resources.
Earlier this year, the Alaska development company said it was teaming up with Glenfarne Group to advance the project, which was approved by federal regulators more than four years ago. The project would link Alaska’s North Slope with the south-central part of the state. It’s also a priority for Republican Gov. Mike Dunleavy, who recently traveled to Asia to promote the project.
