Driven by the conflict in the Gulf, the Alaska liquefied natural gas project aims to be approved by 2026-2027 and to start exporting by 2031.

The Chief Executive of the leading developer Glenfarne Group stated that the Middle East conflict is increasing Asian interest in the $44 billion Alaska liquefied natural gas project. The company aims to make a final investment decision in the next two years and begin exporting liquefied natural gas in 2031. However, due to Glenfarne not yet meeting its goal of signing binding purchase agreements for 80% of the planned 20 million tons per year liquefied natural gas export capacity for the project, the approval process for the pipeline and export terminal has been delayed. As of now, the company has secured commitments to purchase 13 million tons per year and still needs to finalize agreements for 3 million tons, and convert them into binding contracts, in order to raise funds for the project. Glenfarne Alaska Liquefied Natural Gas President Adam Prestidge told Reuters during a conference in Tokyo, "There is very strong market interest, especially in the current Middle East situation. All parties want to turn these preliminary agreements into long-term contracts."