ConocoPhillips to resume Kenai LNG export shipments

ConocoPhillips (COP +0.6%) says it will resume exports of liquefied natural gas from the Nikiski plant at Kenai, Alaska, after the plant had been closed for two years upon receiving authorization from the Department of Energy.

The orders from the government will allow the facility to ship 40B cubic feet of LNG over a two-year period.

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Comments (5)
  • Michael Fitzsimmons
    , contributor
    Comments (11669) | Send Message
    14 Apr 2014, 04:44 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (882) | Send Message
    15 Apr 2014, 08:00 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (11669) | Send Message
    I suspect COP will likely be selling the gas to the same consumer it had traditionally supplied: Japanese utility companies. You can read more about COP's Kenai operations in the company's Alaska fact sheet:

    15 Apr 2014, 08:16 AM Reply Like
  • hertzracer
    , contributor
    Comments (35) | Send Message
    "the orders from the government will allow...." hmm, anyone ever read "Atlas Shrugged" ?
    16 Apr 2014, 07:14 AM Reply Like
  • User 353732
    , contributor
    Comments (5166) | Send Message
    Its a very small quantity but indicative of COP's business model and another positive for the Alaskan economy.
    North America can easily support a dozen world class LNG exporting facilities: Big Government as usual is the problem and the industry is the solution
    16 Apr 2014, 08:43 AM Reply Like
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