Overview

• JERA signed a letter of intent to offtake 1 million tonnes of LNG per year for 20 years from the planned Alaska LNG export project.
• POSCO International agreed a strategic partnership with Glenfarne and a 20-year heads of agreement to purchase 1 million tonnes per year.
• Glenfarne says preliminary offtake now covers more than half of third-party capacity, citing earlier deals with Taiwan’s CPC and Thailand’s PTT.
• Glenfarne is aiming for a late‑2025 final investment decision on the pipeline and a 2026 decision for the liquefaction facilities.
• The $44 billion project, centered on an ~800‑mile pipeline to a Nikiski LNG plant, faces cost competitiveness questions even as U.S. backing and Japanese due diligence continue.