- The Department of Energy has approved ConocoPhillips' (NYSE:COP) request to export 40B cf of liquefied natural gas from its Kenai terminal in Alaska over the next two years starting Feb. 19.
- The approval will allow COP to export gas to any country the U.S. has a free-trade agreement with or any other country with which trade is not prohibited by U.S. law.
- The Kenai terminal was the first LNG export facility in the U.S.; most of the gas exports from Kenai have gone to Japan since the plant entered service in 1969.