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

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.