ConocoPhillips, Glenfarne signs North Slope gas sales precedent agreement

Glenfarne Alaska, a subsidiary of Glenfarne Group, and ConocoPhillips (COP) Alaska announced the companies have signed a gas sales precedent agreement to supply natural gas produced on Alaska’s North Slope for Phase One of the Alaska LNG project. With this thirty-year agreement, Alaska LNG has now secured precedent agreements for sufficient volumes to support a Phase One final investment decision and supply enough natural gas to meet Alaska’s energy needs.