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Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement

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Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement
News

News

Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement

2026-02-27 03:12 Last Updated At:03:31

WASHINGTON--(BUSINESS WIRE)--Feb 26, 2026--

Glenfarne Group, LLC subsidiary Glenfarne Alaska LNG, LLC (Glenfarne), majority owner and developer of the Alaska LNG project, and TotalEnergies today announced the signing of a Letter of Intent (LOI) for the offtake of two million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Alaska LNG. The agreement was signed in a ceremony today in Washington, DC witnessed by U.S. Sen. Dan Sullivan and Congressman Nick Begich of Alaska.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226822251/en/

“TotalEnergies is one of the most sophisticated LNG market participants in the world,” said Glenfarne Chief Executive Officer and Founder Brendan Duval. “Alaska LNG offers a unique Pacific orientation that complements TotalEnergies’ supply strategy and provides Asian customers with direct access to U.S. gas. We are proud to add another partner of their caliber to the project.”

"We look forward to offtaking LNG from Glenfarne’s Alaska LNG project. The Alaska LNG project is indeed very well geographically positioned to better serve our Asian customers. It also illustrates TotalEnergies’ ambition to consolidate its position as a leading buyer of U.S. LNG, while diversifying its supply sources. TotalEnergies is indeed very proud to have been the number one exporter of US LNG in 2025 with 19 MT representing 18% of the whole US production,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

Glenfarne intends to contract 80%, or 16 MTPA, of Alaska LNG’s 20 MTPA volume to finance the project and now has 13 MTPA accounted for under preliminary long-term agreements with Total Energies, JERA, Tokyo Gas, CPC, PTT, and POSCO.

Worley Limited (ASX: Wor) completed primary FEED work on the Alaska LNG pipeline at the end of 2025 and has been provisionally named to provide Engineering, Procurement, and Construction Management services for the Alaska LNG mainline. Alaska LNG has gas sales precedent agreements with North Slope natural gas producers including ExxonMobil, Hilcorp, and Great Bear Pantheon, and Letters of Intent to sell natural gas to ENSTAR Natural Gas, Alaska’s largest natural gas utility, and Donlin Gold Mine, one of the largest known undeveloped gold deposits in the world.

Alaska LNG consists of an 807-mile 42-inch pipeline to deliver natural gas from Alaska’s North Slope to meet Alaska’s domestic needs and produce 20 MTPA of LNG for export. Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One includes the domestic pipeline to deliver natural gas to Alaskans. Phase Two will add the infrastructure to export LNG. Glenfarne owns 75% of Alaska LNG and the State of Alaska, through the Alaska Gasline Development Corporation, owns 25%.

About Glenfarne Group

Glenfarne Group is a privately held global developer, owner, and operator of energy infrastructure assets. Through its subsidiaries, Glenfarne owns and operates 60 energy assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. Glenfarne’s permitted North American LNG portfolio totals 32.8 MTPA of capacity under development in Alaska, Louisiana, and Texas. For more information, please visit www.glenfarne.com.

Glenfarne CEO and Founder Brendan Duval and TotalEnergies Chairman and CEO Patrick Pouyanné display the LNG offtake agreement signed for the Alaska LNG project witnessed by Congressman Nick Begich, Senator Dan Sullivan, TotalEnergies President of Gas, Renewables and Power Stephane Michel, and Glenfarne Alaska President Adam Prestidge.

Glenfarne CEO and Founder Brendan Duval and TotalEnergies Chairman and CEO Patrick Pouyanné display the LNG offtake agreement signed for the Alaska LNG project witnessed by Congressman Nick Begich, Senator Dan Sullivan, TotalEnergies President of Gas, Renewables and Power Stephane Michel, and Glenfarne Alaska President Adam Prestidge.

SAN JOSÉ, Costa Rica (AP) — Cuban soldiers confronted a speedboat carrying 10 people as the vessel approached the island and opened fire on the troops, who fired back, killing four and wounding six, according to the Cuban government.

The Cuban Ministry of the Interior said the people aboard the boat Wednesday were Cubans living in the U.S. and accused them of trying to infiltrate the country to engage in terrorism. U.S. Secretary of State Marco Rubio said it was not a U.S. government operation.

Here’s what to know about the confrontation that has resulted in investigations in both Cuba and the United States and could add to tensions between the two countries.

Cuban President Miguel Díaz-Canel said Thursday that Cuba "does not attack or threaten.”

“We have stated this repeatedly, and we reiterate it today: Cuba will defend itself with determination and firmness against any terrorist or mercenary aggression that seeks to undermine its sovereignty and national stability,” he wrote on X.

Cuban authorities launched an investigation, the foreign minister said.

Rubio said the American government was gathering its own information, including whether the people were U.S. citizens or permanent residents.

The U.S. Attorney’s Office for the Southern District of Florida said it was pursuing answers “through every legal and diplomatic channel available.”

The wounded people were detained, Cuban officials said, and the government identified seven of the 10 passengers.

It said that two of them, Amijail Sánchez González and Leordan Enrique Cruz Gómez, are wanted by Cuban authorities “based on their involvement in the promotion, planning, organization, financing, support or commission" of terrorism.

It identified the others as Conrado Galindo Sariol, José Manuel Rodríguez Castelló, Cristian Ernesto Acosta Guevara and Roberto Azcorra Consuegra.

Cuba’s government said one of the four killed was Michel Ortega Casanova. His brother Misael Ortega Casanova told The Associated Press that his sibling had developed an “obsessive and diabolical” quest for Cuba’s freedom given the suffering they endured on the island before moving to the U.S. He said his brother was an American citizen who lived in the U.S. for more than 20 years.

Meanwhile, Galindo Sariol, another passenger, was identified as a former political prisoner in a 2025 interview with Martí Noticias, a U.S.-based news site that has long called for a change of government in Cuba.

The Cuban government said it was a Florida-registered speedboat and that officials who searched it found assault rifles, handguns, homemade explosives, bulletproof vests, telescopic sights and camouflage uniforms.

The AP was unable to verify details because boat registrations are not public in Florida.

The island’s foreign minister wrote Thursday on X that Cuba has faced “numerous terrorist and aggressive infiltrations” from the U.S. since 1959, "with a high cost in lives, injuries and material damage.”

The most famous attempt involving Cuban exiles was the Bay of Pigs Invasion in April 1961.

The CIA had trained a group of exiles under the administration of President Dwight D. Eisenhower that was led by José Miró Cardona, a former member of Fidel Castro ’s government and head of the Cuban Revolutionary Council in the U.S.

The failed invasion that occurred under former President John F. Kennedy led to the surrender of some 1,200 exiles, while more than 100 others were killed.

Another high-profile encounter occurred on Feb. 24, 1996, when Cuba’s air force shot down two unarmed civilian airplanes operated by Brothers to the Rescue, a Miami-based organization. Four men were killed following the attack that the International Civil Aviation Organization said occurred over international waters.

According to the radio communications between the MiG-29 and a military control tower published by the Organization of American States, the MiG-29 celebrated upon striking the second plane: "Homeland or death, you bastards!” in a reference to the famed Cuban revolutionary cry.

In 2022, several incidents were reported in Cuban waters involving an exchange of gunfire and arrests but no apparent casualties.

It’s not unusual for skirmishes to erupt between Cuba’s Coast Guard and U.S.-flagged speedboats in Cuban waters, although deaths are rare. In past years, some of those U.S.-flagged boats were laden with unidentified cargo headed toward the island, or they were going to pick up Cubans to smuggle them into the U.S.

The shooting threatens to increase tensions between the two countries after President Donald Trump 's administration has already having taken an increasingly aggressive stance toward Cuba.

When the U.S. attacked Venezuela and arrested its leader on Jan. 3, oil shipments to Cuba that were largely keeping the island afloat were halted.

Then Trump signed an executive order on Jan. 29 that would impose a tariff on any country that sells or provides oil to Cuba, which recently implemented austere fuel-saving measures.

William LeoGrande, an American University expert on Cuba, said there's a risk that the Trump administration “uses this incident as some kind of an excuse to come up with even more sanctions.”

"But if the Cuban government lays out all the guns that they captured and has some of these people confessing to what they were up to, that might put the issue to rest,” he told journalists Thursday in an online briefing.

On Wednesday, the U.S. Treasury Department slightly eased restrictions on the sale of Venezuelan oil to Cuba, but the island’s energy and economic crisis is expected to persist.

LeoGrande said Cuba's private sector would not import enough oil “to really make a significant dent in the humanitarian crisis."

Retiree Jorge Reyes pushes his motorcycle to refuel as it's his turn in line at a gasoline station in Havana, Cuba, Monday, Feb. 16, 2026. (AP Photo/Ramon Espinosa)

Retiree Jorge Reyes pushes his motorcycle to refuel as it's his turn in line at a gasoline station in Havana, Cuba, Monday, Feb. 16, 2026. (AP Photo/Ramon Espinosa)

An elderly woman begs for alms from tourists in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

An elderly woman begs for alms from tourists in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

A driver steers his bicycle taxi decorated with U.S. and Cuban flags in Havana, Cuba, Monday, Feb. 16, 2026. (AP Photo/Ramon Espinosa)

A driver steers his bicycle taxi decorated with U.S. and Cuban flags in Havana, Cuba, Monday, Feb. 16, 2026. (AP Photo/Ramon Espinosa)

Soldiers walk through Old Havana to collect garbage in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

Soldiers walk through Old Havana to collect garbage in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

A ferry crosses Havana Bay past the Nico Lopez oil refinery where a Cuban tanker is anchored in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

A ferry crosses Havana Bay past the Nico Lopez oil refinery where a Cuban tanker is anchored in Havana, Cuba, Thursday, Feb. 26, 2026. (AP Photo/Ramon Espinosa)

FILE - Children are seen through the Cuban flag while they walk to the Havana's Malecon to toss flowers into the ocean in commemoration of the anniversary of the death of the Cuban revolutionary Commander Camilo Cienfuegos, Thursday, Oct. 28, 2004 in Havana, Cuba. (AP Photo/Cristobal Herrera, File)

FILE - Children are seen through the Cuban flag while they walk to the Havana's Malecon to toss flowers into the ocean in commemoration of the anniversary of the death of the Cuban revolutionary Commander Camilo Cienfuegos, Thursday, Oct. 28, 2004 in Havana, Cuba. (AP Photo/Cristobal Herrera, File)

FILE - This is a general view of El Malecon in Havana, Cuba, seen Nov. 1971. (AP Photo/Beverley Reed, File)

FILE - This is a general view of El Malecon in Havana, Cuba, seen Nov. 1971. (AP Photo/Beverley Reed, File)

FILE - A fisherman casts his line along the Malecon at sunrise in Havana, Cuba, Wednesday, Oct. 8, 2014. (AP Photo/Ramon Espinosa, File)

FILE - A fisherman casts his line along the Malecon at sunrise in Havana, Cuba, Wednesday, Oct. 8, 2014. (AP Photo/Ramon Espinosa, File)

FILE - A Cuban woman hanging laundry on her balcony is seen reflected in a glass window decorated with a poster of Cuba's leader Fidel Castro in Old Havana, Cuba, Thursday, Dec. 27, 2007. (AP Photo/Dado Galdieri, File)

FILE - A Cuban woman hanging laundry on her balcony is seen reflected in a glass window decorated with a poster of Cuba's leader Fidel Castro in Old Havana, Cuba, Thursday, Dec. 27, 2007. (AP Photo/Dado Galdieri, File)

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