DONLIN GOLD, GLENFARNE AGREE ON LNG INFRASTRUCTURE LOI
potential in Donlin Gold. Glenfarne’s global energy experience is well-suited to provide a long-term turnkey energy solution that helps advance this opportunity,” said John Paulson, President of Paulson. “As Donlin moves into what we hope to be the largest single gold mine in the United States, natural gas from Alaska LNG could offer significant benefits not only for the mine, but for the entire Southwestern Alaska region,” said Greg Lang, NOVAGOLD President and CEO. “We look forward to working with Glenfarne to unlock the value of both of these world-class Alaskan resources: Donlin Gold and Alaska LNG.” Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One consists of a 765-mile, 42-inch pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic energy needs. Phase Two will add the LNG terminal and related infrastructure to export 20 million tonnes per annum of LNG. Glenfarne is the owner and operator of 60 energy assets globally, with 11 offices in eight countries across four continents, including gas, solar, battery, hydro and wind projects, and a North American LNG
portfolio under development for 32.8 million tonnes per annum (MTPA) of LNG. Glenfarne became lead developer of Alaska LNG in March 2025. Since then, Glenfarne has secured preliminary commercial commitments with leading LNG buyers in Japan, Korea, Taiwan and Thailand for 11 MTPA of LNG, and strategic partnerships that also include Baker Hughes and POSCO International. Glenfarne owns 75% of Alaska LNG and the Alaska Gasline Development Corporation (AGDC) owns 25%. Located 10 miles north of the village of Crooked Creek, Donlin Gold is one of the largest known undeveloped open-pit gold deposits today. Alaska stakeholders include the Calista Corporation and The Kuskokwim Corporation, who own the mineral and surface estate at the Donlin Gold property and whose early leaders specifically selected these lands for their known gold-bearing potential. NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining juris- dictions in the world.
Glenfarne Alaska LNG, majority owner and developer of the Alaska LNG Project, and Donlin Gold, the devel- oper of the Donlin Gold mine owned by NOVAGOLD RESOURCES INC. and Paulson Advisers, announced that the companies have signed a non-binding letter of intent (LOI) for natural gas supply from the Alaska LNG Pipeline and the development of the infrastruc- ture needed to deliver the gas and power the mine. Under the LOI, the companies will work to formalize a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day and also to cooperate on the most effective method for develop- ment and construction of an approximately 315-mile- long natural gas pipeline from southcentral Alaska to the Donlin Gold mine in southwest Alaska and a power plant to supply electricity to the mine.
“Alaska LNG offers abundant low-cost natural gas that will enhance the economics and facilitate develop- ment of energy-intensive mining projects in Alaska,” said Adam Prestidge, Glenfarne Alaska LNG President. “We have great confidence in the future success of Donlin following the significant investment by Paulson. Adding a foundational customer like Donlin Gold, one of the largest known undeveloped gold deposits in the world, to Alaska LNG provides signifi- cant volume discount benefits that will result in lower energy costs for Alaska consumers. As we continue to bring on more pipeline customers, the cost of gas for Alaskans will continue to go down.” “A reliable, secure supply of economic natural gas from Alaska LNG has the potential to substantial- ly enhance our ability to unlock value and upside
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THE ALASKA MINER - THE MAGAZINE OF THE ALASKA MINERS ASSOCIATION
WINTER 2026 | ALASKAMINERS.ORG
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