Glenfarne, Danaos Partner on LNG Shipping to Advance Alaska LNG
Glenfarne has signed a strategic partnership with Danaos to provide LNG shipping capacity and project investment for the Alaska LNG Project, supporting plans to move North Slope gas through a 739-mile pipeline and export LNG to Asian markets.
(P&GJ) — Glenfarne Group has formed a strategic partnership with Danaos Corporation to support development of the Alaska LNG Project, including LNG shipping capacity and project financing.
Under the agreement, Danaos will facilitate the construction and operation of at least six LNG carriers to transport LNG to global markets and will make a $50 million development capital investment in the project, according to the companies.
Glenfarne is advancing the Alaska LNG Project through its subsidiary Glenfarne Alaska LNG, LLC, which is the project’s majority owner and lead developer. The project is designed to leverage Alaska’s proximity to Asian markets, offering shorter, canal-free shipping routes that avoid congested or contested waterways.
“Danaos, with their reputation for high-quality ship ownership and operations, is a valued addition to our roster of Alaska LNG strategic partners,” said Brendan Duval, chief executive officer and founder of Glenfarne. “One of Alaska LNG’s major competitive advantages is our short shipping distance to Asia, featuring canal-free routes avoiding contested waters. The addition of reliable shipping solutions meaningfully advances the development of Alaska LNG. Dr. John Coustas and his management team have been a pleasure to work with.”
Danaos Chief Executive Officer Dr. John Coustas said the partnership allows the company to expand its LNG shipping footprint while supporting a new North Pacific supply source.
“As Alaska LNG opens up a major new source of North Pacific energy, Danaos is pleased to offer our shipping expertise to reliably serve customers across the region and around the world with safe, competitive LNG delivery,” Coustas said.
Danaos currently operates 86 vessels, with 25 additional vessels under construction, according to the company.
Glenfarne is developing Alaska LNG in two financially independent phases. Phase One includes construction of a 739-mile, 42-inch natural gas pipeline to move gas from Alaska’s North Slope to serve in-state demand. Phase Two would add a liquefaction terminal and related infrastructure capable of exporting up to 20 million tonnes per year of LNG.
Since becoming lead developer in March 2025, Glenfarne has secured preliminary commercial commitments totaling 11 million tonnes per year from buyers in Japan, South Korea, Taiwan and Thailand. Strategic partners on the project also include Baker Hughes and POSCO International. Glenfarne owns 75% of the project, while the Alaska Gasline Development Corporation holds the remaining 25%.