Alaska LNG Aims for 2031 Exports Amid Gulf Tensions

War in the Gulf has intensified demand for alternative energy sources, boosting interest in the $44 billion Alaska LNG project. Glenfarne, which owns 75% of the venture, aims to finalize its pipeline go-ahead this year and approve the export terminal in early 2027.

The project targets 20 million metric tons annually, with 13 million tons already committed. The remaining 3 million tons are under negotiation with two potential off-takers, expected to conclude swiftly.

Japan's JERA and Tokyo Gas have agreed to buy 2 million tons yearly, while South Korea, Taiwan, and Thailand have also signed on. The conflict has halted Qatar’s shipments through the Strait of Hormuz, making Alaska’s direct route to North Asia a strategic advantage.

Glenfarne says standard LNG carriers can operate year-round, thanks to open ice routes. Danaos will supply vessels around 2031, aligning with the target export launch.