The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.
Baker Hughes will provide refrigerant compressors for the export terminal and power generation systems for the gas treatment plant located on the North Slope. The project, valued at about $44 billion, includes building an 800-mile (1,287-kilometer) pipeline to move gas from the northern fields of Alaska to the Gulf of Alaska, where it will be liquefied for shipment abroad.
The Alaska LNG initiative, initially advanced several years ago, has regained momentum under the administration of President Donald Trump, who supported the development of fossil fuel infrastructure. However, the project continues to face challenges such as high construction costs, complex engineering requirements, and Alaska’s difficult terrain.
Brendan Duval, CEO of Glenfarne Group, which leads the project’s development, said: “With someone like Baker Hughes coming in it’s a stamp of approval.” His comments highlight the significance of securing an experienced global partner for the project’s technical and logistical components. Glenfarne acquired a 75% ownership stake in Alaska LNG in March from the Alaska Gasline Development Corporation, signaling a key transition in project leadership and investment direction.
According to Glenfarne, the final engineering study is expected to be completed later this year. The company anticipates making a final investment decision on the construction of the pipeline early next year, followed by a decision on the liquefaction terminal in late 2026. These milestones will determine the overall project timeline and the start of major construction activities.
If realized, the Alaska LNG project could become one of the largest infrastructure investments in U.S. natural gas development, strengthening Alaska’s role as a potential energy supplier to Asia. The project would also create new links between the state’s gas resources and international markets, boosting long-term export capacity.
The development is part of a broader effort to expand liquefied natural gas exports, supported by advances in energy infrastructure and partnerships with established industry players such as Baker Hughes. While regulatory and financial reviews remain ongoing, Glenfarne’s collaboration with Baker Hughes marks a major step forward in aligning technical capabilities with the project’s large-scale objectives.
Reporting by Dharna Bafna in Bengaluru and Timothy Gardner in Washington; Editing by Tasim Zahid and Lisa Shumaker. Our Standards: The Thomson Reuters Trust Principles.
