Regional LNG: PTT signs deal to import LNG from Alaska
Tuesday, June 24 2025 - 11:07 PM WIB
By Romel S. Gurky
US LNG developer Glenfarne Alaska LNG, LLC announced today that it has signed a Cooperation Agreement with PTT Public Company Limited (PTT), Thailand’s largest publicly traded company, for strategic participation in the Alaska LNG project. The agreement includes the procurement of 2 million tonnes per annum (MTPA) of LNG from Alaska LNG over a 20-year term.
The signing ceremony was witnessed by Dr. Prasert Sinsukprasert, Thailand’s Permanent Secretary of Energy, and Robert Godec, the U.S. Ambassador to Thailand.
Under the Cooperation Agreement, the two parties will work towards finalizing long-term LNG offtake agreements. Glenfarne, the majority owner and lead developer of Alaska LNG, highlighted that the project has now secured 50% of its available third-party LNG offtake capacity with investment-grade counterparties, marking a significant step toward the project’s realization.
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Adam Prestidge, President of Glenfarne Alaska LNG, LLC, stated, “We are pleased that PTT and the Thai government recognize the strategic security, cost, and stability advantages of the Alaska LNG project.” The project is expected to provide LNG to Asia at competitive prices, lower than those from the U.S. Gulf Coast, due to Alaska LNG’s economic and shipping fundamentals.
Brendan Duval, CEO and Founder of Glenfarne, added, “This agreement with PTT further symbolizes Alaska LNG’s momentum. The project will address Alaska’s natural gas shortage while creating jobs and fostering economic development for local communities and military facilities.”
The Alaska LNG project consists of an 807-mile pipeline and a 20 MTPA LNG export facility in Nikiski. The pipeline will be built in two phases, with Phase One delivering natural gas to the Anchorage region and Phase Two completing the connection to the LNG export facility.
Glenfarne continues to make progress toward a final investment decision (FID) for the pipeline and LNG export facility, with ongoing partnerships and collaboration with engineering firm Worley. The company also manages a diverse LNG portfolio, including Texas LNG and Magnolia LNG, and holds 60 energy assets globally.
Editing by Alexander Ginting