XOM · News · 20261106N
Alaska North Slope Gas Agreement
ExxonMobil Holdings Corp · 2026-11-06 · Importance 34 · Surprise 42 · In source text
ExxonMobil Alaska Production Inc. and STAK Energy signed a 15-year Gas Sale Agreement to supply natural gas to STAK Energy’s proposed Project Aaka on Alaska’s North Slope. The project is a planned 3-gigawatt advanced computing campus, with first power generation targeted for 2030 and phased expansion through 2032. The deal is intended to monetize regional natural gas resources and support an off-grid power solution, while increasing utilization and tax revenues in Alaska.
Key facts
- ExxonMobil Alaska Production Inc. signed a 15-year Gas Sale Agreement with STAK Energy Corporation to supply natural gas to STAK Energy's proposed Project Aaka on Alaska's North Slope. source
- Project Aaka targets first power generation in 2030, with phased expansion through 2032. 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 to STAK Energy's… |