$44 billion LNG project in Alaska pulls off hat trick deal as new partner enters the scene

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken new steps to bring to life its liquefied natural gas (LNG) export development in Alaska by ironing out a strategic partnership with Korea’s POSCO International Corporation, a core member of the POSCO Group.

Glenfarne, whose permitted North American LNG portfolio totals 32.8 million tons per annum (mtpa) of capacity under development in Alaska, Louisiana, and Texas, has signed definitive agreements with POSCO International Corporation, finalizing the formation of a strategic partnership for the development of the Alaska LNG project.

Glenfarne Chief Executive Officer and Founder commemorated the deal with KyeIn Lee, POSCO International Corporation’s Chief Executive Officer, in a ceremony attended by Doug Burgum, Secretary of the Interior and National Energy Dominance Council Chairman, and Chris Wright, Secretary of Energy and National Energy Dominance Council’s Vice Chairman, at the Department of Energy in Washington, on December 1.

Brendan Duval, Glenfarne Chief Executive Officer and Founder, commented: “POSCO Group is one of the world’s leading steel and energy companies, and their commitment to Alaska LNG reflects the