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ConocoPhillips to sell Kenai LNG plant

KSRM News Desk

ConocoPhillips is looking to sell its Cook Inlet natural gas plant.

 

Alaska’s Energy Desk reports that the Houston-based energy company on Thursday announced that it is putting its Kenai LNG plant up for sale.

 

ConocoPhillips spokeswoman Amy Burnett says the company wants to focus on operations in the North Slope. She says the plant has not exported gas in 2016 because of market conditions but it is still operational and could start exporting again.

 

The Kenai plant, which includes a dock and loading facility, was the only export facility of domestic liquefied natural gas in North America for nearly 50 years.

 

This is the second year ConocoPhillips has looked to sell Cook Inlet assets. Hilcorp purchased ConocoPhillips’ North Cook Inlet field in late October.

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