ConocoPhillips Secures 30-Year Alaska LNG Supply Deal with Glenfarne
The major Bakken operator will supply North Slope gas to the Alaska LNG project, highlighting its diversified gas strategy.
ConocoPhillips, a major operator in North Dakota's Bakken formation, has signed a 30-year agreement to supply natural gas for the Alaska LNG project, according to a report from Rigzone. The deal, signed with developer Glenfarne, will see ConocoPhillips supply gas produced on Alaska's North Slope for the project's first phase.
The agreement underscores ConocoPhillips's strategy to secure long-term outlets for its natural gas production across its portfolio. While the company is a significant oil producer in the Bakken, it also produces substantial associated natural gas from the region's wells.
For Bakken operators and royalty owners, this deal highlights the ongoing industry push to find stable markets for natural gas, which is often a byproduct of oil-focused drilling in the Williston Basin. Infrastructure constraints and pricing at hubs like the Northern Border pipeline have historically challenged gas realizations in North Dakota.
A major player locking in a decades-long supply contract in another basin may signal a broader industry focus on securing demand for gas molecules. This could have long-term implications for how integrated producers like ConocoPhillips view and market their gas assets elsewhere, including in the Bakken.
The Alaska LNG project aims to supply gas within the state of Alaska. ConocoPhillips's involvement in such a large-scale domestic project reinforces its position as a leading natural gas supplier in North America. The company's operations in the Bakken contribute to its overall gas volume.
The development was reported by Rigzone on Wednesday, May 20, 2026. Specific financial terms and volumes for the supply deal were not disclosed in the report.
Source
Rigzone
