NEWS BULLETIN

January 09, 2025 --- Vol. 31, No1January 2025

AGDC framework agreement with Glenfarne

Alaska Gasline Development Corp. President Frank Richards said at a Jan. 6 press conference that - AGDC has reached an exclusive framework agreement with a qualified energy company to privately lead and fund the development of the Alaska LNG project.-

He did not name the company, saying nondisclosure agreements govern ongoing work, with the parties working - to create legally binding development agreements that will move the project forward.-

The Anchorage Daily News said today that the private company is New York-based Glenfarne.

A spokesperson for Glenfarne Energy Transition confirmed to Petroleum News in an email that Glenfarne - has entered into an exclusive agreement- with AGDC - for the development of the Alaska LNG project, including the Alaska Export Facility, Pipeline, and a Carbon Capture facility.-

- As well, Glenfarne and ENSTAR Natural Gas Company have entered into an exclusive agreement to advance an LNG import project utilizing the Alaska LNG export site,- the Glenfarne spokesperson said.

--KRISTEN NELSON

Editor- s note: The AGDC announcement on the framework agreement is in the Jan. 12 issue of Petroleum News available online later today; follow-up s


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