On Thursday, TotalEnergies SE (NYSE:TTE) entered into a preliminary agreement with Glenfarne to secure a long-term supply of liquefied natural gas (LNG) from the Alaska LNG project.

This strategic move involves acquiring 2 million tons per year over 20 years, pending the project’s final investment decision.

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TotalEnergies Seizes Strategic LNG Opportunity

The Alaska LNG project is strategically positioned on the U.S. Pacific coast, making it the only federally authorized LNG export terminal in the region.

With a planned capacity of 20 million tons annually, the project aims to directly serve Asia, the largest LNG market globally, enhancing energy security and transpacific connections.

The agreement underscores TotalEnergies’ ambition to strengthen its position as a leading buyer of U.S. LNG while diversifying its supply sources.

In 2025, the company was the top U.S. LNG exporter, shipping 19 million tons, ...