ConocoPhillips signs onto Alaska LNG

Alaska LNG just got a bigger pulse

ConocoPhillips and Glenfarne Alaska LNG say they’ve signed a gas sales precedent agreement to feed North Slope natural gas into Phase One of the Alaska LNG project. That’s not the same as a shiny final investment decision, but it’s the kind of paperwork that helps projects stop living in “someday” and start inching toward “maybe for real.”

Why investors should care

The big detail here is the 30-year timeframe. Long-duration supply agreements can be the grease that keeps massive energy infrastructure projects moving, because they help prove there’s enough committed volume to justify the buildout. In plain English: more signed-up gas means Alaska LNG looks less like a chilly wish list and more like an actual business case.

The plot thickens, slowly

According to the release, Alaska LNG has now secured precedent agreements for sufficient volumes to support a Phase One final investment decision. That’s the sort of milestone that doesn’t usually make your heart race like a meme-stock squeeze, but for a capital-intensive LNG project, it’s meaningful progress. And if you own COP, you’re watching for whether these agreements turn into real cash flow, not just ceremonial handshakes in hard hats.

Big picture

This is one more brick in the wall for a project that’s been talked about forever. The market still needs execution, permits, financing, and a whole lot of patience — but today’s deal makes the wall a little taller.