Conocophillips [email protected] A total of about a dozen ConocoPhillips employees and about 15 contract workers were affected by the transaction." All rights reserved. Nearly all of the LNG from Kenai went to Japan. If you have any questions or concerns please contact [email protected] or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. Kenai LNG plant acquired by Andeavor Platts has reported that Andeavor has acquired the closed down ConocoPhillips’ Kenai LNG plant in Alaska. The site, 10 miles from Kenai city, offered cold climate and clean, non-salty air, which was ideal for preventing corrosion and efficient plant operation. Search Tip: Use quotes to find results containing your phrase, exactly, e.g., "Peninsula Clarion". Last year, ConocoPhillips said it would shutter operations at the Kenai facility until market conditions improved. The program will provide up to $1,200 per month, for four months, to eligible households. DHSS announced 200 new COVID-19 cases in Alaska on Monday. [Yes] I would like to receive S&P Global Platts promotional emails. The plant was built in 1969 by Phillips Petroleum and Marathon Oil Co., ushering in the first regular long-distance ocean shipments of LNG. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. LaBelle could not say whether Andeavor would consider resuming LNG exports from the plant, which last occurred in 2015. Financial details of the transaction were not released. Follow the topics you want and receive the daily emails. The plant has the capacity to produce about 1.6 million mt/year of LNG. Your registration is complete and your account is active. Access latest gas news and analysis, conferences and events. ConocoPhillips, which by then had purchased Marathon's share, considered closing the plant but kept it open after the Japan earthquake and tsunami caused that country's nuclear generation plants to shut down.  |  The Kenai LNG export facility was the first, and for a long time, the only export plant in the United States. The LNG plant includes a dock and loading facility. Last month, the company agreed to buy Rangeland Energy II LLC, which oversees a bundle of energy assets in the Permian Basin. While Alaska's Kenai Peninsula has supported LNG exports for decades, there are plans to build a large 20 million mt/year plant at a site near the existing small plant as a part of the Alaska LNG Project. Access latest metal news and analysis, conferences and events. Infrastructure 1.800.427.5747 Larry Persily, an Alaska energy consultant and a former federal natural gas pipeline administrator, said the US Department of Energy export license for the plant expires next month, so it would make sense to use the plant to support the refinery and for regional uses, even imports of LNG. To continue reading you must login or register with us. About 600 acres of land at Nikiski have been purchased by Alaska LNG for the plant and a related LNG marine shipping terminal, which would also be built. Last month, Andeavor (the company formerly known as Tesoro) purchased the Kenai Liquefied Natural Gas facility from ConocoPhillips. Receive daily email alerts, subscriber notes & personalize your experience. Sign In, Listen to the latest episode of our newest podcast, Weekly Estimated EIA Storage Injection/Withdrawal. Early in 2016 the company sold off its last stake in Inlet gas reserves when it sold its one-third share of the longstanding Beluga River gas field to Anchorage utilities for $152 million. “With the sale, ConocoPhillips Alaska is able to direct its full attention to our North Slope operations, where we are making substantial investments in new projects,” ConocoPhillips spokeswoman Christina Kuhl told NGI. ISSN © 1532-1231 M&A Sign in to get the best natural gas news and data. San Antonio-based Andeavor has acquired the Kenai liquefied natural gas (LNG) facility in Alaska from ConocoPhillips, which had been trying to sell the facility for more than a year. "This acquisition further strengthens our integrated value chain by optimizing our operations in Kenai and providing low-cost fuel for our refinery to produce fuels," spokesman Scott LaBelle said via … ConocoPhillips, the operator of Kenai, mothballed the facility in 2015 before selling it to a unit of Andeavor in February 2018. Peninsula offers spooky, socially distanced Halloween events, Improvements to the launch include evening out the gravel road, providing a space close to the river, “We want people to be as healthy as possible and not get two diseases at one time.”. The statewide alert level, based on the average daily case rate for the last two weeks, is high. Several employees were reassigned within ConocoPhillips and others transferred to Andeavor, she said. The Alaska Gasline Development Corp., which took over the proposed Alaska LNG Project in 2016 to pipe gas to Asian markets, at one time was said to be interested in taking over Kenai LNG. You have 3 free articles remaining. Andeavor says it will work to integrate current employees and operations into the Kenai Refinery facility. Please contact the Client Services team. The resolution originally extended the declaration by 90 days. Spot gas prices surged at the…. The Nikiski plant, which had previously operated as an LNG export facility since the late 1960s, came at an attractive price: $10 million. Get access to 100,000+ more news articles & industry data. The acquisition is set to close by the end of March, pending regulatory approval.  |, Related topics: Please use the button below and we will bring you back here when complete. San Antonio-based Andeavor has acquired the Kenai liquefied natural gas (LNG) facility in Alaska from ConocoPhillips, which had been trying to sell the facility for more than a year. The historical SPA opened the way for construction of the Kenai LNG Plant in Nikiski, on the Kenai Peninsula, some 60 air miles from Anchorage. Enter your Email ID below and we will send you a link to reset your password. --Tim Bradner, [email protected] by Lisa Miller, [email protected]. It was the only export facility of domestic liquefied natural gas in North America for nearly 50 years. It’s free and easy to do. ISSN © 2577-9877 In 2016 ConocoPhillips announced it would sell the mothballed plant and began searching for buyers. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. And, energy is a big cost for running a refinery," Persily said. Andeavor

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