P&K Insights: Alaska LNG and Asian Investors – Avoiding Long Term Contract Traps

Asian energy buyers seeking long-term security see both promise and peril in the Alaska liquefied natural gas project, developed by the Alaska Gasline Development Corporation and slated to begin construction in 2026.

The US $44 billion venture will carry gas from Alaska’s North Slope, liquefy it, and export it to Asia, offering shorter routes, stable upstream supply, and greater diversification than Gulf alternatives. Since assuming leadership in March, Glenfarne Group has already signed preliminary deals with buyers in Japan, Korea, Taiwan, and Thailand totaling 11 MTPA.

In this article, Mino Han and Eda Haksal explain how investors can treat an LNG contract as a strategic and dynamic instrument, rather than a static one, by strengthening its price-review, force majeure, and arbitration clauses to avoid being locked into long-term commitments when market conditions shift.