Between the extensive damage in March to Qatar’s LNG production and export facility and escalated attacks on vessels in the Strait of Hormuz, the Middle East conflict has since put Asian countries on notice to lock down alternative LNG sources and routes to secure supplies. Those most heavily impacted include Pakistan, India, South Korea, and Taiwan, among others, on the hunt to replace lost shipments in a time of delivery uncertainty. Glenfarne Group is finger-crossed this is the moment the long-beleaguered Alaska LNG project has waited for to win Asian LNG investors.

Reese Energy Consulting today is following the latest news on the Alaska LNG project, which could be, maybe, possibly, gaining more traction to get this behemoth off the whiteboard and into development. The proposed 800-mile pipeline that would flow 3.5 BCFD from the North Slope to an LNG export terminal on Cook Inlet producing up to 20 million MTA of LNG is a 40-year passion plan offering energy security, especially to Asia. Glenfarne owns 75% of the project.

Last month we shared South Korea’s confirmed investments as part of its Trade Agreement in 2025, beginning with an initial $22.3 billion commitment of a total $350 billion pledge. The Administration announced the country would invest $50 billion in Alaska LNG, but Korea backed off that claim citing more due diligence required to make a FID. More to come on this.

Taiwan is now in the Alaska LNG spotlight for what the Administration calls the “largest offtake agreement in history.” The agreement includes a purchase of Alaskan LNG over the next two decades to the tune of $70 billion to $80 billion—or 30% of the project’s output for 20 years. The deal also includes a $4.4 billion equity investment.