Overview
- The letter of intent outlines potential sales of up to 50 million cubic feet of gas per day plus cooperation on a roughly 315-mile pipeline from Southcentral Alaska to the mine and a power plant at the site.
- The agreement is non-binding and initiates work to formalize a gas sales contract and plan the pipeline and power plant needed to serve Donlin Gold.
- Glenfarne controls 75% of the $44 billion Alaska LNG project, with the Alaska Gasline Development Corporation holding the remaining 25%.
- Alaska LNG is structured in two independent phases: a 765-mile, 42-inch pipeline for in-state supply in Phase 1, followed by a 20 mtpa export terminal in Phase 2.
- Since taking the lead in March 2025, Glenfarne has reported preliminary commitments totaling 11 mtpa from buyers in Japan, Korea, Taiwan, and Thailand alongside partnerships with Baker Hughes and POSCO International.