Baker Hughes has been selected by US energy developer Glenfarne Group to supply key equipment for the Alaska LNG development project. The announcement also revealed that Baker Hughes will make a strategic investment to support the project.

Equipment and Investment

Baker Hughes will supply main refrigerant compressors for the project's planned liquefied natural gas terminal. Additionally, the company will provide power generation equipment for a North Slope gas treatment plant. The agreement was disclosed during a ceremony in Washington, DC, although the specific terms of the deal were not made public.

Project Phases and Timeline

Glenfarne, which assumed operatorship of Alaska LNG from the Alaska Gasline Development Corporation in March, is developing the project in two distinct phases. Phase one involves the construction of an 807-mile, 42-inch pipeline designed to transport natural gas from the North Slope to the southern part of Alaska. The final engineering and cost analysis for this pipeline is expected to be completed by Worley in December, which will precede a final investment decision for phase one.

Phase two of the project will include the construction of an LNG terminal with a capacity of 20 million tonnes per annum. A final investment decision for this second phase is anticipated in late 2026.

Customer Commitments

Glenfarne has secured preliminary agreements for the offtake of approximately 11 million tonnes per annum from the Alaska LNG project. This volume represents about 60% of the total capacity required to reach a final investment decision. The customers involved in these preliminary deals include Tokyo Gas, JERA, and Posco.

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