TotalEnergies signs preliminary agreement for long-term LNG offtake from Alaska LNG project

TotalEnergies has signed a preliminary agreement with Glenfarne, the lead developer of the Alaska LNG project, for the long-term offtake of 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) over 20 years. This supply agreement, though preliminary and with an undisclosed value, represents a significant de-risking event for the Alaska LNG project. Securing a major global integrated energy company like TotalEnergies as a long-term offtaker provides crucial commercial validation and is a vital step towards the project reaching a Final Investment Decision (FID). For TotalEnergies, this agreement enhances its diversified LNG portfolio, securing a substantial volume of future supply from a strategically important North American source. The 2 Mtpa capacity over two decades underscores a long-term commitment to securing reliable LNG, aligning with global energy security trends. While the project stage is not specified, this preliminary agreement signals strong market confidence in the Alaska LNG project's potential to deliver competitive supply to global markets, further solidifying the United States' role as a key LNG exporter.