$44 billion Alaska LNG approaching FID: Partner hunt underway, Worley on final engineering duty

Alaska LNG Project Nearing $44 Billion FID with Worley Handling Final Engineering

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, is making strides towards a final investment decision (FID) for an Alaska liquefied natural gas (LNG) export project. Partnering with the State of Alaska’s Alaska Gasline Development Corporation, Glenfarne has enlisted Worley from Australia to oversee the last engineering tasks. Worley will update the engineering work and cost estimates for the Alaska LNG pipeline, crucial steps towards reaching the FID.

Moreover, Worley has been chosen as the preferred engineering firm for the Cook Inlet Gateway LNG import terminal and as a project delivery advisor for Glenfarne’s Alaska LNG ventures. Brendan Duval, CEO of Glenfarne Group, highlighted the importance of advancing the project in light of gas shortages in Alaska and the US.

The Trump administration has looked to Asian investors to help finance the $44 billion Alaska LNG project. The pipeline is designed to transport natural gas within Alaska and to the export facility in Nikiski. The final investment decision for the pipeline is expected in 2025, with construction planned in two phases to meet local needs and export demands.

Mark Trueman, President Americas at Worley, expressed pride in being selected to support the Alaska LNG project, emphasizing Worley’s experience in delivering large-scale projects like this. Glenfarne Group, with a diverse LNG portfolio, anticipates final investment decisions for its projects, including the Alaska LNG, to be made this year.

The Kenai LNG terminal, another Alaskan project, is also advancing under new ownership to increase natural gas supplies to the region.