LNG project development company says it has an agreement to develop $44 billion Alaska project

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LNG project development company says it has an agreement to develop $44 billion Alaska project
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Glenfarne is working on LNG export projects in Texas and Lousiana.

A sign warns of underground natural gas pipelines at the Cook Inlet Natural Gas Storage Alaska facility in Kenai. The facility takes natural gas from producers and stores the gas underground in a depleted gas field until it is needed by its customers, which include Enstar and Chugach Electric.

The deal is an important development for the Alaska LNG project, in the works for more than a decade. Board members for the project last year hadThe state-owned project is the latest iteration in decades of attempts in Alaska to build a project that would tap into the vast quantities of natural gas contained on the North Slope.development of an 800-mile pipeline delivering natural gas from the North Slope.

Richards declined to share details of the potential agreement. A spokesperson with the agency, reached Thursday, did not provide additional details.

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