# Alaska LNG Agreement Supports Energy Security.

*business · news · 2026-05-18 · Benzinga*

## Key points

- ConocoPhillips and Glenfarne Alaska LNG LLC signed a 30-year North Slope gas supply agreement.
- The agreement secures enough gas volume for Alaska LNG Phase One's final investment decision.
- Glenfarne now owns 75% of the Alaska LNG project, with Alaska holding 25% via AGDC.
- ConocoPhillips plans to add one rig in the Permian Basin in the second half of 2026.

**Companies:** ConocoPhillips, Glenfarne Alaska LNG LLC, Glenfarne Group
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/large-cap/26/05/52641170/conocophillips-joins-alaska-lng-push)

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