Alaska LNG Secures ConocoPhillips Gas Supply Deal for Phase 1

Alaska LNG signed a long-term gas supply agreement with ConocoPhillips, securing enough North Slope volumes to support a Phase 1 final investment decision.

(P&GJ) — Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a gas sales precedent agreement tied to Phase 1 of the Alaska LNG project, advancing efforts to move North Slope natural gas to Alaska consumers.

The companies said the agreement secures sufficient gas volumes to support a Phase 1 final investment decision while also helping meet long-term in-state energy demand.

Phase 1 of the project includes construction of a 739-mile, 42-inch natural gas pipeline designed to transport North Slope gas across Alaska as Cook Inlet production continues to decline. A second phase would add LNG export facilities in Nikiski.

With the ConocoPhillips agreement, Alaska LNG now has gas supply agreements in place with the project’s major North Slope producers, including ExxonMobil, Hilcorp Alaska and Pantheon Resources subsidiary Great Bear Pantheon.

Adam Prestidge, president of Glenfarne Alaska LNG, said the agreement establishes commercial terms for ConocoPhillips to supply gas into the project and supports the company’s efforts to move Phase 1 toward FID.

ConocoPhillips Alaska President Erec Isaacson said the company’s participation aligns with its long-term commitment to developing Alaska’s natural gas resources and supporting energy supply reliability in the state.

Glenfarne is developing Alaska LNG in two standalone phases in an effort to accelerate construction and reduce development risk.