WASHINGTON, D.C. – April 1, 2025 – Global law firm Greenberg Traurig, LLP represented the Alaska Gasline Development Corporation (AGDC) and the state of Alaska in the recent transaction where AGDC divested three-quarters of its stake in 8 Star Alaska, a subsidiary created to hold and manage all Alaska LNG project assets, to Glenfarne Group, LLC. The deal was announced March 27 in Tokyo.
Alaska LNG is the sole federally permitted liquefied natural gas (LNG) export project on the U.S. Pacific Coast, and one of the largest energy projects in the world, with an estimated cost of $40 billion. Alaska LNG’s three subprojects include an 807-mile, 42-inch pipeline, a 20 MTPA LNG export terminal in Nikiski, Alaska, and a North Slope-based carbon capture plant to remove and safely store 7 million tons of carbon dioxide annually.
Under the agreement, AGDC is divesting 75% of 8 Star Alaska to Glenfarne, who will assume the role of Alaska LNG’s lead developer. AGDC remains a 25% owner of 8 Star Alaska and has the option to invest up to 25% in any or all of the three 8 Star Alaska subprojects.
Greenberg Traurig has represented AGDC and the state of Alaska for approximately 20 years on a wide range of legal issues associated with this project. In May 2023, the firm secured a victory in the U.S. Court of Appeals for the D.C. Circuit involving a challenge to the Federal Energy Regulatory Commission’s approval of the project.
The Greenberg Traurig Energy & Natural Resources team was led by Shareholders Kenneth M. Minesinger and Audrey Louison in Washington, D.C., and Eric W. Macaux in Boston. The team included Energy & Natural Resources Shareholder William Garner in Houston, Corporate Shareholder Gregory R. Daddario in Boston, Tax Shareholder Labry Welty in Dallas, and Litigation Shareholder Sarah Runnells Martin in Delaware, as well as Corporate Associate Amelia Lucas in Washington, D.C.