Published by Todd Bush on April 3, 2025
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.
WASHINGTON, April 2, 2025 /PRNewswire-PRWeb/ -- Greenberg Traurig, LLP represented AGDC and the state of Alaska in the recent transaction where AGDC divested three-quarters of its stake in 8 Star Alaska 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.
>> In Other News: Cavendish Hydrogen Delivers Its First Hydrogen Fueling Station in Canada to HTEC USA - English USA
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 Energy & Natural Resources team was led by Kenneth M. Minesinger, Audrey Louison (Washington, D.C.), and Eric W. Macaux (Boston). The team included William Garner (Houston), Gregory R. Daddario (Boston), Labry Welty (Dallas), Sarah Runnells Martin (Delaware), and Amelia Lucas (Washington, D.C.).
Greenberg Traurig's Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across the energy industry, including oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources, and water. The firm's exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy clients throughout the U.S. and internationally.
Greenberg Traurig, LLP has more than 2,850 attorneys across 49 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2024 BTI "Leading Edge Law Firm" for anticipating and meeting client needs, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: http://www.gtlaw.com
SOURCE Greenberg Traurig, LLP
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Ocean Visions Releases Comprehensive Marine Carbon Dioxide Removal Ecosystem Database
WASHINGTON, DC, UNITED STATES, April 2, 2025 /EINPresswire.com/ — Ocean Visions has released a comprehensive database that provides an in-depth repository of the diverse entities in the marine carb...
Deal with Microsoft enables science research at Terradot project site in Brazil SAN FRANCISCO – Terradot, a leader in Enhanced Rock Weathering (ERW) technology, today announced an agreement with M...
Hyaxiom, Inc., Announces Nation's First Multi-megawatt, Multi-story Installation Fuel Cell Project
Charter Oak Combined Heat and Power (CHP) Project in Bridgeport aims to deliver low-emission power, high CHP efficiency, and local energy benefits EAST HARTFORD, Conn., April 2, 2025 /PRNewswire/ ...
SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.