Taiwan’s CPC Plans Up to $4.4 Billion for Alaska LNG Project

Taiwan’s state-owned CPC plans to join development of the Alaska LNG project with investment estimated at up to $4.4 billion, while arranging annual purchases that could make it a major prospective buyer for the proposed export facility.

CPC plans to purchase 6 million metric tons of liquefied natural gas (LNG) per year once the project begins production. The investment estimate and commercial arrangements remain subject to further negotiations.

The project is designed to move natural gas from Alaska’s North Slope to an export terminal in Nikiski through a planned 807-mile pipeline. Its planned capacity is up to 20 million metric tons annually, making CPC’s planned volume 30% of that capacity.

Supplies could begin as early as 2032 if the project remains on schedule. The timeline does not establish when construction will start or when a final investment decision will be made.

CPC signed a letter of intent for the project in March 2025. The nonbinding document described a potential 20-year purchase of 6 million metric tons of LNG per year. Glenfarne took the lead on advancing the project that month.

The proposed investment and purchase terms are still being negotiated. No final investment amount or binding LNG purchase contract has been established.