Japan's JERA to explore LNG offtake from Alaska's $44 billion export project

11/9/2025 13:23

Japan's top power producer, JERA, will explore liquefied natural gas offtake from the Alaska LNG project, JERA and developer Glenfarne said, as talks to ink firm binding sale contracts for the $44-billion project continue.



Since assuming the lead developer role in the Alaska LNG project in March, Glenfarne has lined up preliminary agreements that could lead to offtake from the project's 20 million metric tons a year capacity, including with Taiwan's CPC and Thailand's PTT, but firm deals have yet to be signed.



On Wednesday, Glenfarne said in a statement it signed a letter of intent with JERA for the sale of 1 million tons a year of LNG from the project over a 20-year term on a free-on-board basis.



The letter of intent will facilitate information exchange and collaboration with Glenfarne as JERA assesses the project's timelines and economics, the Japanese company, a joint venture of Tokyo Electric Power and Chubu Electric Power, said in a separate statement on Thursday.