US energy firm Glenfarne, which signed the deal via its unit Glenfarne Alaska LNG, said on Friday that Tokyo Gas plans to offtake one million tonnes per annum (mtpa) from the Alaska LNG project.
Glenfarne did not provide further information regarding the deal.
Tokyo Gas said in a separate statement that, although this LOI is not legally binding, its purpose is to gather information on the project’s development progress and to proceed with studies on its economic viability, etc., with an eye toward the potential for future LNG procurement as a strategic partner of Glenfarne.
Adding to commercial momentum
Glenfarne noted that this LoI adds commercial momentum to its “rapid” progress developing the 20 mtpa project, the only federally authorized export terminal on the US Pacific Coast.
Since becoming lead developer of Alaska LNG in March 2025, Glenfarne has signed preliminary offtake agreements with leading LNG buyers in Japan, Korea, Taiwan, and Thailand that includes Jera, Posco, CPC, and PTT, totaling 11 mtpa of capacity of the 16 mtpa Glenfarne expects to contract to reach a financial close for the project.
“This agreement validates the strength of Alaska LNG’s commercial offering and the importance of Alaska LNG as a strategically positioned supplier of affordable, clean LNG for U.S. Pacific allies,” said Glenfarne CEO and founder Brendan Duval.
“Tokyo Gas pioneered the LNG industry with their agreement to purchase LNG from Alaska fifty-five years ago and is one of the most respected voices in the industry,” he said.
In addition to Glenfarne’s growing portfolio of Alaska LNG offtake partners, Worley is completing the final engineering and cost validation for the project’s 807-mile pipeline, the company noted in the statement.
Alaska LNG consists of a 42-inch diameter pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic needs and produce 20 mtpa of LNG for export.
Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution.
Phase One includes the domestic pipeline to deliver natural gas approximately 765 miles from the North Slope to the Anchorage region.
Phase Two will add the LNG terminal and related infrastructure to enable export capability.
Alaska, through the Alaska Gasline Development Corporation, owns 25 percent of Alaska LNG.
