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Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine with the same name owned by NOVAGOLD RESOURCES and Paulson Advisers.
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Glenfarne Alaska LNG, majority owner and developer of the $44 billion Alaska LNG project, and Donlin Gold’s non-binding LOI covers the natural gas supply from the Alaska LNG Pipeline and the development of the infrastructure needed to deliver the gas to power the mine.
To this end, the duo will work to formalize a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day and cooperate on the most effective method for development and construction of an approximately 315-mile-long natural gas pipeline from Southcentral Alaska to the Donlin Gold mine in Southwest Alaska and a power plant to supply electricity to the mine.
Adam Prestidge , Glenfarne Alaska LNG’s President, commented: “Alaska LNG offers abundant low-cost natural gas that will enhance the economics and facilitate development of energy-intensive mining projects in Alaska. We have great confidence in the future success of Donlin following the significant investment by Paulson.
“Adding a foundational customer like Donlin Gold, one of the largest known undeveloped gold deposits in the world, to Alaska LNG provides significant volume discount benefits that will result in lower energy costs for Alaska consumers. As we continue to bring on more pipeline customers, the cost of gas for Alaskans will continue to go down.”
As Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution, Phase 1 consists of a 765-mile, 42-inch pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic energy needs and Phase 2 will add the LNG terminal and related infrastructure to export 20 million tonnes per annum (mtpa) of LNG.
John Paulson , President of Paulson, stated: “A reliable, secure supply of economic natural gas from Alaska LNG has the potential to substantially enhance our ability to unlock value and upside potential in Donlin Gold. Glenfarne’s global energy experience is well suited to provide a long-term turnkey energy solution that helps advance this opportunity.”
After Glenfarne became lead developer of Alaska LNG in March 2025, the firm has secured preliminary commercial commitments with LNG buyers in Japan, Korea, Taiwan, and Thailand for 11 mtpa of LNG, and strategic partnerships that also include Baker Hughes and POSCO International.
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Glenfarne owns 75% of Alaska LNG and the Alaska Gasline Development Corporation the remaining 25%. Located 10 miles north of the village of Crooked Creek, Donlin Gold is one of the largest known undeveloped open-pit gold deposits, with Alaska stakeholders including the Calista Corporation and the Kuskokwim Corporation (TKC), which own the mineral and surface estate at the Donlin Gold property.
Greg Lang , NOVAGOLD’s President and CEO, noted: “As Donlin moves into what we hope to be the largest single gold mine in the United States, natural gas from Alaska LNG could offer significant benefits not only for the mine, but for the entire Southwestern Alaska region. We look forward to working with Glenfarne to unlock the value of both of these world-class Alaskan resources: Donlin Gold and Alaska LNG.”
about 6 months ago
Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine with the same name owned by NOVAGOLD RES
