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Glen Farm tells lawmakers pipeline work is underway and reports LOIs covering more than half of export capacity
Summary
Glen Farm Alaska told the committee it has advanced engineering, begun contractor selection and secured letters of intent covering about 11 million tonnes per year of a planned 20 Mtpa LNG export facility; the developer said early pipe purchases and preparatory works will be funded by Glen Farm and stressed continued dialogue with the legislature.
Adam Prestige, president of Glen Farm Alaska, told the Legislative Budget and Audit Committee the company has accelerated the Alaska LNG project in less than eight months, and outlined near‑term procurement and construction actions intended to keep the pipeline completion target on track.
Prestige said major permits are in hand and final engineering and updated price estimates are expected from Worley by the end of the year. He listed near‑term activities including contractor selection, steel and pipe purchase orders and early civil works to prepare the pipeline route. On cost and financing, he said some negotiation items are commercially sensitive and under nondisclosure agreements.
On market demand, Prestige reported letters of intent for roughly 11 million tonnes per year of the project’s 20 Mtpa export capacity, naming international buyers and saying many of the LOIs are endorsed by heads of government or energy ministers. "We are more than halfway to getting to that 16,000,000 ton number," he said, referencing the project financing target of securing about 80% of export capacity under long‑term contracts.
Committee members pressed on affordability for Alaskans and who pays for early pipe purchases; Prestige said Glen Farm will fund initial early works including pipe purchases beyond its previously announced commitments.
Ending: Glen Farm reiterated the target to have pipeline construction completed and gas flowing to Alaskans in 2028 while acknowledging several commercial items remain subject to negotiation; lawmakers signaled they will continue oversight and seek additional numeric detail.
