May 18, 2026 [Storage Terminals Magazine]- Glenfarne Group subsidiary Glenfarne Alaska LNG LLC and ConocoPhillips Alaska have signed a gas sales precedent agreement to supply natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project.

The thirty-year agreement establishes the commercial framework for ConocoPhillips to supply natural gas to the project and marks a significant milestone for the development. According to the companies, Alaska LNG has now secured sufficient precedent agreements to support a Phase One final investment decision while providing enough natural gas to meet Alaska’s long-term energy needs.

Glenfarne is advancing the Alaska LNG project in two financially independent phases to accelerate execution and development timelines. Phase One includes the construction of a 739-mile, 42-inch natural gas pipeline designed to transport gas from the North Slope to consumers across Alaska. The pipeline is intended to strengthen long-term energy security and help address expected supply shortages linked to declining production in the Cook Inlet region.

Phase Two of the project will involve the development of LNG export facilities in Nikiski, expanding the project’s reach into international energy markets.

With the new agreement in place, Alaska LNG now has supply agreements with all three major North Slope producers, including ConocoPhillips, ExxonMobil, and Hilcorp Alaska, as well as Great Bear Pantheon LLC, a subsidiary of Pantheon Resources plc.

Adam Prestidge, president of Glenfarne Alaska LNG, stated that the participation of all major North Slope producers provides sufficient natural gas volumes to support a Phase One final investment decision. He added that the agreement with ConocoPhillips represents an important step toward enhancing Alaska’s long-term energy security and advancing a transformational infrastructure project for the state.

ConocoPhillips Alaska President Erec Isaacson said the company remains committed to developing Alaska’s energy resources for the long-term benefit of Alaskans. He noted that participation in the Alaska LNG project supports reliable access to responsibly produced North Slope natural gas while complementing the company’s ongoing investments in the region.