A New York-based company pursuing LNG export projects in the Lower 48 said this week that it has a deal with the Alaska gasline agency to develop the state’s long-sought $44 billion Alaska LNG project.

The Alaska state's Alaska Gasline Development Corporation (AGDC) entered into an exclusive agreement with developer Glenfarne to advance the Alaska LNG project, an AGDC spokesperson said on Friday.

The Alaska Gasline Development Corporation on Thursday named Glenfarne Group LLC as the company it’s in talks with to take over the $44 billion Alaska LNG Project. The announcement came three days after the corporation announced a framework agreement with a company not to be named until an agreement was finalized.