ConocoPhillips Evaluating Potential Buyers for Alaskan LNG Facility

S&P Global Platts, April 19, 2017

ConocoPhillips is reportedly negotiating with potential buyers for the company's mothballed Kenai liquefied natural gas (LNG) Plant located in Nikiski on the Kenai Peninsula south of Anchorage, a company spokeswoman said Monday. The 1.5 million mt/year plant was built in 1968 and made regular shipments of LNG to Tokyo Gas and Tokyo Electric under long-term contracts until 2012, when the contracts expired. Conoco Phillips put the complex up for sale in November of 2016, and according to company spokeswomen Amy Jennings Burnett, is "currently evaluating bids to determine the next steps." Burnett added that they "believe the plant is a strategic asset that offers good opportunities for the right buyer."

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