#Greece #Athens #Danaos Corporation #Glenfarne Group #Alaska LNG

Danaos Corporation and Glenfarne Group's Strategic Partnership

On January 20, 2026, Danaos Corporation, a leader in container ship ownership, announced a pivotal partnership with Glenfarne Group LLC aimed at advancing the Alaska LNG Project. This collaboration highlights both companies' commitment to enhancing energy resources and infrastructure in the region, particularly in the growing LNG market.

Significant Investment

Danaos Corporation will invest $50 million into Glenfarne Alaska Partners LLC, reinforcing its role in this ambitious project. This investment signifies a strong belief in the potential of the Alaska LNG Project, which aims to address both domestic energy needs and international LNG demand.

As part of this agreement, Danaos Corporation will also serve as the primary provider of LNG carriers, planning to construct and operate at least six vessels dedicated to delivering liquefied natural gas (LNG) to international clients. This move not only positions Danaos as a crucial player in LNG logistics but also broadens its footprint in the energy sector.

Project Phases and Development

The Alaska LNG Project is structured into two separate yet financially independent phases to boost its execution speed. The first phase entails the construction of a 765-mile pipeline designed to transport natural gas from the North Slope of Alaska, focusing on meeting local demands. The second phase will expand the project to include a liquefaction terminal capable of exporting 20 million tonnes per annum (MTPA) of LNG.

Since Glenfarne took over as the primary developer of the project in March 2025, substantial progress has been made. The company has secured initial commercial commitments for 11 MTPA of LNG from prominent buyers in markets such as Japan, Korea, Taiwan, and Thailand. This development underlines the project's attractiveness and expected role in global energy markets.

Glenfarne Group: A Key Player

Glenfarne Group is recognized for its expertise in energy infrastructure, owning and managing over 60 assets across three main business sectors: Global LNG Solutions, Grid Stability, and Renewables. With a North American LNG portfolio that boasts 32.8 MTPA of capacity under development across various states, Glenfarne is poised to significantly impact the energy landscape.

Commenting on this strategic partnership, Dr. John Coustas, CEO of Danaos Corporation, emphasized the company's goal to utilize its shipping expertise to provide reliable and safe LNG delivery to regional and global customers. He remarked that this venture offers an opportunity for Danaos to expand its operations in the LNG sector and energy markets.

Danaos Corporation: A Leader in Logistics

Danaos Corporation stands among the world's top owners of modern large-sized container vessels, boasting a fleet of 75 ships with a total capacity of 477,491 TEUs. The company has also ventured into the dry bulk sector, owning 11 capesize vessels, further solidifying its strong presence in global maritime logistics. The strategic investment in the Alaska LNG Project aligns with Danaos's commitment to operational excellence and environmental sustainability.

For further information, visit Danaos Corporation's official website.

Conclusion

The alliance between Danaos Corporation and Glenfarne Group marks a significant milestone in the development of the Alaska LNG Project, paving the way for sustainable energy solutions and strengthening the global LNG supply chain. As this partnership unfolds, the implications for both companies and the wider energy market will be closely watched by stakeholders and investors alike.