Glenfarne said on Tuesday that its unit, Glenfarne Alaska LNG, has completed the first round of its strategic partner selection process with over 50 companies who have formally expressed interest for over $115 billion of contract value for the Alaska LNG project.

The 807-mile 42-inch pipeline project is capable of transporting natural gas to meet both Alaska's domestic needs and supply the full 20-MMtpy Alaska LNG export facility, the company said.

Phase One is expected to deliver natural gas about 765 miles from the North Slope to the Anchorage region.

Additionally, the Phase Two will add nearly 42 miles of pipeline under the Cook Inlet to the Alaska LNG export facility in Nikiski, which will be constructed simultaneously with the LNG export facility.

Glenfarne expects a final investment decision on the domestic portion of the Alaska LNG pipeline by the end of the fourth quarter this year.