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.

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 Gasline Development Corporation (AGDC) on Thursday named Glenfarne Group as the company with which it is in exclusive talks with to take over the $44 billion Alaska LNG project.

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.