06/03/2026 by Jay Hatton
Paris-headquartered oil and gas titan TotalEnergies recently added its signature to a letter of intent with top developer Glenfarne.
Under the preliminary deal, Total will offtake 2 million tonnes of liquefied natural gas (LNG) per year from the Alaska LNG project for a term of two decades. However, the agreement signed is subject to a final investment decision from Alaska LNG.
Under development through Delaware-based company 8 Star Alaska, Alaska LNG is joint-owned by Glenfarne (75%) and the State of Alaska (25%). To speed up the project’s execution, it is being developed in two phases that are financially independent of each other.
Phase One includes a pipeline that is 765 miles long for natural gas transport from the North Slope of Alaska to answer domestic energy needs in the US’s largest state. Phase Two will involve an LNG liquefaction terminal, along with related infrastructure for exporting 20 million tonnes per annum of liquefied natural gas. The site is based on the Pacific coast and said to be the only LNG export terminal with federal authorisation in the area.
Commenting on the letter of intent, CEO and Chairman for TotalEnergies, Patrick Pouyanné, said that the company was looking forward to its LNG offtake activities at the Alaska LNG project, as it was well placed to serve Total’s Asian customers. TotalEnergies has business interests in over 130 countries and sells its lubricant line in 150 countries, with products ranging from thermal oils like heat transfer fluid (HTF) to high-performance turbine oil for the energy generation market.
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