HomeNewsGlenfarne and Donlin Gold sign LOI for Alaska gas and infrastructure share

Glenfarne and Donlin Gold sign LOI for Alaska gas and infrastructure share

1/9/2026
  • Agreement encompasses natural gas supply, pipeline and power plant

Glenfarne Alaska LNG LLC, majority owner and developer of the Alaska LNG Project, and Donlin Gold LLC, the developer of the Donlin Gold mine owned by NOVAGOLD RESOURCES INC. and Paulson Advisers LLC, has announced that the companies have signed a non-binding Letter of Intent (LOI) for natural gas supply from the Alaska LNG Pipeline and the development of the infrastructure needed to deliver the gas and power the mine.

Under the LOI, the companies will work to formalize a potential natural gas sales agreement for up to 50 MMft3d of natural gas and also to cooperate on the most effective method for development and construction of an approximately 315 mi-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.

Glenfarne Alaska LNG President Adam Prestidge said, “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.”

John Paulson, President of Paulson, said, “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.”

Greg Lang, NOVAGOLD’s President and CEO, said: “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.”

Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One consists of a 765-mi, 42-in. pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic energy needs. Phase Two will add the LNG terminal and related infrastructure to export 20 metric MMtpy of LNG.

Glenfarne is the owner and operator of 60 energy assets globally, with 11 offices in eight countries across four continents, including gas, solar, battery, hydro, and wind projects, and a North American LNG portfolio under development for 32.8 MMtpy of LNG.

Glenfarne became lead developer of Alaska LNG in March 2025. Since then, Glenfarne has secured preliminary commercial commitments with leading LNG buyers in Japan, Korea, Taiwan, and Thailand for 11 MMtpy of LNG, and strategic partnerships that also include Baker Hughes (learn more) and POSCO International (learn more). Glenfarne owns 75% of Alaska LNG and the Alaska Gasline Development Corporation owns 25%.

Located 10 miles north of the village of Crooked Creek, Donlin Gold is one of the largest known undeveloped open-pit gold deposits today. Alaska stakeholders include the Calista Corporation and The Kuskokwim Corporation (TKC), which own the mineral and surface estate at the Donlin Gold property and whose early leaders specifically selected these lands for their known gold-bearing potential.

Related News

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}