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Released September 15, 2025 | SUGAR LAND
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Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--South Korean steel producer POSCO (Pohang) will supply the bulk of the steel necessary for a pipeline slated to feed the Alaska LNG facility, developer Glenfarne Group (New York, New York) said last week.
Glenfarne Alaska LNG said Thursday it signed a strategic partnership with the South Korean firm that includes steel supply, offtake of liquefied natural gas (LNG) and investments.
"This agreement will include initial terms for POSCO to supply a significant portion of the steel required for Alaska LNG's 807-mile, 42-inch pressurized natural gas pipeline," Glenfarne said.
The arrangement comes as the U.S. and South Korea remain at odds over details of a bilateral trade deal that saw the U.S. impose a 15% tariff on goods, while backing a pledge for South Korea to create a $350 billion fund to invest in the U.S. The U.S. is proposing terms similar to those reached with Japan, though Seoul said both economies are fundamentally different.
Meanwhile, ties soured after U.S. immigration officials detained several South Koreans during a raid on a Hyundai plant in Georgia. In terms of the Alaska LNG arrangement, however, the U.S. may be at a disadvantage because it doesn't produce much of the steel necessary for oil and gas pipelines.
"POSCO's participation in Alaska LNG adds tremendous momentum as we drive this signature North American LNG project forward at a rapid tempo," said Glenfarne Chief Executive Officer Brendan Duval. "This agreement includes critical project components and demonstrates global support for unlocking some of the most strategically located LNG in the world."
Apart from steel supplies, POSCO secured 1 million metric tons of LNG per year from the project for a 20-year period. That follows a similar deal reached Thursday with Japanese energy company JERA.
Japan lacks many natural resources of its own and is thus heavily dependent on foreign supplies to meet its power demand.
If built, Alaska LNG would be a large-scale liquefaction plant with a design capacity of 19.9 million metric tons annually (MTPA). Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production and Pipelines project databases can learn more by viewing related project reports.
Though it's listed as a medium-probability project in Industrial Info's database, the facility is the only one federally-authorized to deliver LNG from the U.S. Pacific Coast.
Project planners submitted an export application in 2014, and it has been approved by the U.S. Federal Energy Regulatory Commission (FERC), but is not yet under construction. And it has competition from Canada after Prime Minister Mark Carney unveiled a list of high-priority projects, including a planned second phase for the LNG Canada facility in British Columbia. For more on that, see September 12, 2025, article - Canada Reveals First Five Projects Considered for Fast-Tracking.
With its first cargo setting sail to Asia in June, LNG Canada already has expansion plans in place that would transform the complex into one of the world's largest LNG facilities.
The British Columbia plant currently can produce up to 14 MTPA of LNG through two production trains, and the expansion plans call for this to be doubled to 28 MTPA through the addition of two more liquefaction units.
As part of a broader effort to expand trade arteries outside North America, LNG Canada is primarily geared toward Asian markets, providing shorter shipping times to the continent, which includes the lucrative markets of Japan and South Korea.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project and Plant databases can learn more by viewing the project report and clicking here for the plant profile.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Glenfarne Alaska LNG said Thursday it signed a strategic partnership with the South Korean firm that includes steel supply, offtake of liquefied natural gas (LNG) and investments.
"This agreement will include initial terms for POSCO to supply a significant portion of the steel required for Alaska LNG's 807-mile, 42-inch pressurized natural gas pipeline," Glenfarne said.
The arrangement comes as the U.S. and South Korea remain at odds over details of a bilateral trade deal that saw the U.S. impose a 15% tariff on goods, while backing a pledge for South Korea to create a $350 billion fund to invest in the U.S. The U.S. is proposing terms similar to those reached with Japan, though Seoul said both economies are fundamentally different.
Meanwhile, ties soured after U.S. immigration officials detained several South Koreans during a raid on a Hyundai plant in Georgia. In terms of the Alaska LNG arrangement, however, the U.S. may be at a disadvantage because it doesn't produce much of the steel necessary for oil and gas pipelines.
"POSCO's participation in Alaska LNG adds tremendous momentum as we drive this signature North American LNG project forward at a rapid tempo," said Glenfarne Chief Executive Officer Brendan Duval. "This agreement includes critical project components and demonstrates global support for unlocking some of the most strategically located LNG in the world."
Apart from steel supplies, POSCO secured 1 million metric tons of LNG per year from the project for a 20-year period. That follows a similar deal reached Thursday with Japanese energy company JERA.
Japan lacks many natural resources of its own and is thus heavily dependent on foreign supplies to meet its power demand.
If built, Alaska LNG would be a large-scale liquefaction plant with a design capacity of 19.9 million metric tons annually (MTPA). Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production and Pipelines project databases can learn more by viewing related project reports.
Though it's listed as a medium-probability project in Industrial Info's database, the facility is the only one federally-authorized to deliver LNG from the U.S. Pacific Coast.
Project planners submitted an export application in 2014, and it has been approved by the U.S. Federal Energy Regulatory Commission (FERC), but is not yet under construction. And it has competition from Canada after Prime Minister Mark Carney unveiled a list of high-priority projects, including a planned second phase for the LNG Canada facility in British Columbia. For more on that, see September 12, 2025, article - Canada Reveals First Five Projects Considered for Fast-Tracking.
With its first cargo setting sail to Asia in June, LNG Canada already has expansion plans in place that would transform the complex into one of the world's largest LNG facilities.
The British Columbia plant currently can produce up to 14 MTPA of LNG through two production trains, and the expansion plans call for this to be doubled to 28 MTPA through the addition of two more liquefaction units.
As part of a broader effort to expand trade arteries outside North America, LNG Canada is primarily geared toward Asian markets, providing shorter shipping times to the continent, which includes the lucrative markets of Japan and South Korea.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project and Plant databases can learn more by viewing the project report and clicking here for the plant profile.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
