Business

Glenfarne Grows Alaska LNG Commercial Momentum With Tokyo Gas Agreement

ANCHORAGE, Alaska & TOKYO, October 24, 2025--Glenfarne Alaska LNG, LLC (Glenfarne), and Tokyo Gas Co., Ltd. today announced the signing of a Letter of Intent (LOI) for the offtake of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Alaska LNG project, majority owned and developed by Glenfarne. As one of Japan’s largest and most established energy utilities, Tokyo Gas is recognized globally for its leadership in LNG procurement and energy innovation.

articlePosco Holdings Inc.October 24, 20252/company/posco-holdings-inc/news/glenfarne-grows-alaska-lng-commercial-momentum-with-tokyo-gas-agreement-1
Glenfarne Grows Alaska LNG Commercial Momentum With Tokyo Gas Agreement

About this update from Posco Holdings Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":311,"url":"https://media.zenfs.com/en/business-wire.com/95c61631c0d90c9e635fae7fe47cb76c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IXmip60lMu88etnCObMCNQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYyMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/95c61631c0d90c9e635fae7fe47cb76c","width":480,"height":311},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/GCf9R5WDLRVQC7dMTYIGOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQxNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/95c61631c0d90c9e635fae7fe47cb76c","width":480,"height":311}},"lazy":false},{"type":"text","content":"Five Agreements in Seven Months Totaling More Than Half of Project Volume","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"ANCHORAGE, Alaska & TOKYO, October 24, 2025--(BUSINESS WIRE)--Glenfarne Alaska LNG, LLC (Glenfarne), and Tokyo Gas Co., Ltd. today announced the signing of a Letter of Intent (LOI) for the offtake of one million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Alaska LNG project, majority owned and developed by Glenfarne. As one of Japan’s largest and most established energy utilities, Tokyo Gas is recognized globally for its leadership in LNG procurement and energy innovation.","length":501,"tagName":"p"},{"type":"text","content":"This LOI adds commercial momentum to Glenfarne’s rapid progress developing the 20 MTPA project, the only federally authorized export terminal on the U.S. 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.","length":500,"tagName":"p"},{"type":"text","content":""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 Chief Executive Officer and Founder Brendan Duval. "Tokyo Gas pioneered the LNG industry with their agreement to purchase LNG from Alaska fifty-five ...

More updates from Posco Holdings Inc.

Tokyo GasANCHORAGE, AlaskaTokyo Gas Co.LNG terminalGlenfarneMTPAliquefied natural gasLNG projectState of Alaska