A major owner of container ships is now involved in a natural gas export project in Alaska, investing $50 million into the venture and pledging to help deliver the gas to global customers.
The Greek shipping company Danaos has entered into a “strategic partnership” with Glenfarne Group, majority owner of the proposed Alaska LNG project, which includes a roughly 800-mile natural gas pipeline and a liquefied natural gas export terminal in south-central Alaska.
“As Alaska LNG opens up a major new source of North Pacific energy, Danaos is pleased to offer our shipping expertise to reliably serve customers across the region and around the world with safe, competitive LNG delivery,” Danaos CEO John Coustas said in a news release.
The partnership marks Glenfarne’s latest announcement for Alaska LNG — a major energy priority for the Trump administration even as doubts about the project continue to persist. Glenfarne has secured “preliminary” commitments for 11 million metric tons of liquefied natural gas annually, the company said Tuesday, or roughly 55 percent of the project’s export capacity of up to 20 million metric tons per year.
