March 02, 2026 [Storage Terminals Magazine]- TotalEnergies has signed a preliminary agreement, in the form of a Letter of Intent, with Glenfarne, the lead developer of the Alaska LNG project, for the long-term offtake of 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) over a 20-year period. The agreement remains subject to the project reaching a final investment decision.

The proposed Alaska LNG project, located on the US Pacific coast, is the only federally authorised LNG export terminal in the region. The development targets a total capacity of 20 Mtpa and is positioned to provide direct access to Asian markets, the world’s largest LNG consumers, supporting regional energy security and strengthening transpacific trade ties.

Chairman and Chief Executive Officer Patrick Pouyanné said the project is strategically located to better serve the company’s Asian customer base and aligns with its ambition to strengthen its position as a leading buyer of US LNG while diversifying supply sources. He noted that TotalEnergies was the largest exporter of US LNG in 2025, with 19 million tonnes representing around 18 percent of total US production, including 14 million tonnes shipped to Europe.

Glenfarne Chief Executive Officer and Founder Brendan Duval described TotalEnergies as one of the most sophisticated participants in the global LNG market. He said the Alaska LNG project’s Pacific orientation complements TotalEnergies’ supply strategy and offers Asian customers direct access to US gas, adding that the company was pleased to welcome a partner of TotalEnergies’ calibre.

The Alaska LNG project has received political and institutional backing in the United States and aims to meet growing LNG demand from Asia. Its Pacific coast location is expected to provide logistical flexibility and competitive advantages.

In North America, TotalEnergies is active across the LNG value chain, supported by upstream gas production assets in Texas, Oklahoma and offshore US In addition to the Alaska LNG project, the company has invested in major developments including Cameron LNG and Rio Grande LNG in the United States, Energía Costa Azul LNG in Mexico, and Ksi Lisims LNG in Canada.

TotalEnergies also holds offtake agreements from leading US export terminals, including Sabine Pass LNG, Freeport LNG and Corpus Christi LNG.