In a separate release, JERA said the LOI will "facilitate information exchange and collaboration" as it "prudently assesses the project’s timelines and economics." Alaska LNG is expected to be developed through a phased approach. Phase one construction focuses on the domestic pipeline to rapidly deliver North Slope gas to Alaskans and manage overall project risk. Phase two adds the LNG export terminal and associated infrastructure. Glenfarne is targeting a late-2025 final investment decision (FID) for the Alaska LNG pipeline and a 2026 FID for the project’s LNG export components.