By Business Wire

Group, LLC ("Glenfarne") subsidiary Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project, and Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today announced a strategic partnership to advance Alaska LNG. Under the agreement, Danaos will facilitate the construction and operation of at least six LNG carriers to deliver LNG to global customers and make a $50 million development capital investment to support the project.

"Danaos, with their reputation for high-quality ship ownership and operations, is a valued addition to our roster of Alaska LNG strategic partners," said Brendan Duval, chief executive officer and founder of Glenfarne. "One of Alaska LNG’s major competitive advantages is our short shipping distance to Asia, featuring canal-free routes avoiding contested waters. The addition of reliable shipping solutions meaningfully advances the development of Alaska LNG. Dr. John Coustas and his management team have been a pleasure to work with."

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