XOM · News · 20261105N
Alaska North Slope Gas Agreement
ExxonMobil Holdings Corp · 2026-11-05 · Importance 40 · Surprise 42 · In source text
ExxonMobil Alaska Production signed a 15-year gas sale agreement with STAK Energy to supply natural gas for a planned power plant on Alaska’s North Slope. The plant is part of Project Aaka, an off-grid computing campus expected to generate nearly 3 GW of power, with first power targeted for 2030. The deal creates a commercial route to market for previously stranded North Slope gas and links ExxonMobil’s production to large-scale demand from advanced computing.
Key facts
- ExxonMobil Alaska Production Inc. signed a 15-year Gas Sale Agreement with STAK Energy Corporation to supply natural gas for a new power plant on Alaska's North Slope. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | ExxonMobil Alaska Production Inc. signed a 15-year Gas Sale Agreement with STAK Energy Corporation to supply natural gas for a new power… |