US EditionJapan’s JERA Explores 20-Year LNG Supply Deal with Alaska’s $44bn Project
Glenfarne's 20-year agreement to supply 1 million tons annually of liquefied natural gas to Japan's JERA advances a $44 billion project enhancing U.S.-Asia energy ties.
- On Wednesday, Japan's JERA and Glenfarne reached a preliminary agreement to explore the purchase of 1 million tons per year of LNG from the $44-billion Alaska LNG project over a 20-year period.
- The Alaska LNG project aims to transport stranded gas via an 800-mile pipeline and liquefy it for export, but high costs have raised concerns about competitiveness among Japanese officials and executives.
- Glenfarne assumed the lead developer role in March and has secured preliminary offtake agreements covering over half the project’s capacity, while Japan seeks to enhance energy security amid growing electricity demand.
- U.S. Secretary of Energy Chris Wright called the letter signing "a major step forward for the venture," amid President Trump's ongoing support and Japan's $550 billion trade investment commitment to the U.S.
- JERA said its final purchase decision depends on project progress and contract terms, indicating that talks on binding contracts remain ongoing and the project's commercial viability is improving.
12 Articles
12 Articles
Japan’s JERA Eyes 20-Year LNG Deal With Alaska LNG
JERA is considering joining companies making commitments for purchases of liquefied natural gas from the Alaska LNG project, Reuters has reported, with a preliminary letter of intent mentioning 1 million tons annually over a 20-year period. The developer of the Alaska LNG project, Glenfarne, has been busy in the past months finding companies willing to make offtake commitments for the $44-billion project that is being actively promoted by the Tr…
Japanese electric company signs tentative agreement for gas from trans-Alaska pipeline project
Rex Cannon, co-president of 8 Star Alaska LLC, presents the company's expected milestones in the trans-Alaska natural gas pipeline project on Thursday, Aug. 28, 2025. (Photo by James Brooks/Alaska Beacon)Japan’s largest electric company has agreed to buy 1 million tons of natural gas per year from the proposed trans-Alaska natural gas pipeline, developer Glenfarne announced Wednesday. A final decision on whether to build the pipeline for in-stat…
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