Dunleavy is lying about Glenfarne committing billions
Glenfarne listed these tasks as its top 10 priorities in November 2025. There was no mention of the need to cut state taxes before finishing financing and making a final investment decision.
He’s lying.
Glenfarne has not committed billions, pledged billions, promised billions or invested billions.
It doesn’t have billions. It will never have billions.
Alaska news organizations that choose to publish this latest fiction from Dunleavy should have someone follow up and explain that it will be easier to find the reflecting pool vandals than these imaginary billions.
Take it as a red flag warning that Glenfarne has continually delayed the final investment decision on a much smaller project in Texas.
Glenfarne founder Brendan Duval said in February 2025 that he expected to make a final investment decision on building the Texas LNG project by the end of 2025.
That was the same time frame in which he said he expected to reach a final investment decision on the Alaska project. Neither project has advanced to a final investment decision.
Dunleavy claims the company has binding agreements for Alaska LNG and it has “found buyers in Japan and South Korea, and put real money on the table.”
There are no binding agreements for the Alaska LNG project with buyers in Japan and South Korea. Glenfarne has not put real money on the table.
This is all part of the Dunleayv/Glenfarne propaganda campaign to sell gullible legislators the myth that the pipeline will live or die based on what the Legislature does this summer. The propaganda campaign has been boosted by contractors, Alaska business groups and unions that hope to cash in on a pipeline and are willing to repeat anything they are told.
Legislators who don’t follow the party line will be attacked for “killing” the gas pipeline.
Many legislators are already campaigning that they are “Build the Line!” champions and they want credit for the cheap and reliable energy that is just over the distant horizon—as soon as unidentified entities commit tens of billions to construct the largest construction project in Alaska history.
Glenfarne has talked about getting institutions and governments to commit tens of billions to this project, but institutions and governments have not made commitments.
The pattern from Dunleavy and Glenfarne is to overpromise and underdeliver.
Dunleavy and Glenfarne and the Alaska business groups that are chanting “Build the Line!” have refused to explain why their claims today about the pipeline are completely at odds with the gas they emitted last fall.
This reversal has recieved almost no news coverage in Alaska. Dunleavy is now claiming that the project cannot be financed without a change in state taxes. But he claimed last November that the project would be financed with the current tax structure.
Here is a recap.
In early 2025, Dunleavy asked Duval at a pubilc event: “Confidence level—are we gonna have a pipeline here in a few years?”
“I’ve put my name on it and when I put my name on something I’m stuck. I’ve got to get it done. The fundamentals allowed me to do that with good decision making, not rolling the dice. So the answer’s yes,” Duval said.
Duval, the CEO of Glenfarne, showed this slide to the Resource Development Council on November 12, 2025 listing the top 10 upcoming milestones for the Alaska LNG project.
The final investment decision, No. 10 on the top 10, is the point at which a company opts to build a project or abandon it.
Look closely at Duval’s top 10 and you will see no mention of how the Legislature had to approve a tax break or the project would die. Perhaps that was No. 11?
At the same event in November Dunleavy compared those who doubt the pipeline’s prospects to Doubting Thomas.
“I believe you’re going to see a gasline,” Dunleavy said on November 12, 2025 to the RDC.
“There’s some incredible announcements that are going to be made over the next two months that I think will prove what I just said to be correct,” Dunleavy said.
“There are still some folks that doubt this. And I understand that. Thomas doubted the risen Jesus and had to put his fingers in the palms of Jesus to really understand that that was a reality. I’m not comparing a pipeline potential with Jesus but I am saying that we have some incredible opportunity,” Dunleavy said.
On November 29, 2025, Dunleavy appeared at a Fairbanks fundraiser for Rep. Frank Tomaszewski and was more specific about the pipeline start date.
“The next two months are going to be some of the most exciting months in Alaska’s history,” Dunleavy said. “I’m not making that up. I wouldn’t stick my neck out to say something stupid.”
“So December a updated economic study of the pipe will be done. I talk with Glenfarne every week. I talk with the president and his people often. Everyone is excited about where this pipeline is gonna go. In terms of it’s gonna happen.”
“And then FID, what they call final investment decision, will be January. Spoken to them again yesterday, they see nothing standing in the way. So when February, or when January comes, you’re probably gonna see an announcement before the end of January that they’re gonna start to order pipe. And it’ll be here by August of this next year,” Dunleavy said. “So you will have gas.”
On October 16, 2025, Dunleavy told the RDC he was a true believer.
“I have to tell you, it is, it’s the real deal. I would be shocked, shocked, not surprised, shocked, if in December, January, than there’s anything other than we’re going to FID (final investment decision) and year year (2026) when we have this conference, there will be pipe on the ground and pipe actually moving. So that’s the, that’s the future.”
This is not the future Dunleavy and Glenfarne talked about.
Dunleavy is telling Alaskans that the Alaska LNG project will never be built with the Senate version of the gasline bill. The proof, according to Dunleavy is that Glenfarne says the project will never be built under the Senate terms.
“When the developer tells you the terms make the deal impossible, you should listen,” says Dunleavy.
This is the same governor and the same developer that said last November that no tax change was needed to get to a final investment decision.
I’m not shocked or surprised.
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