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Conoco Resumes LNG Exports from Alaska Kenai Plant

ConocoPhillips (COP) said Thursday it has resumed exports of liquefied natural gas, or LNG, from its Alaska Kenai plant, which was mothballed last year due to deteriorating market conditions. The first cargo departed in May, and three to four more are expected between now and the end of the year, said company spokeswoman Natalie Lowman. "ConocoPhillips is exporting these cargoes because we were able to negotiate new gas contracts and an agreement to lease an LNG tanker last December," Lowman added. The company said in February 2011 it was planning to shut down the plant, as operation of the plant as an export facility wasn't economically viable. Marathon Oil Corp. (MRO) is the co-owner of the plant, which for more than four decades has shipped LNG to Japan. -Write to Isabel Ordonez at [email protected]

Stock News for Conocophillips (COP)
DateTimeHeadline
01/23/201714:21:59Amended Statement of Ownership (sc 13g/a)
01/19/201700:16:00Woodside Expecting Production to Recover with New Projects
01/17/201717:07:41Statement of Changes in Beneficial Ownership (4)
01/17/201717:03:21Statement of Changes in Beneficial Ownership (4)
01/17/201717:00:44Statement of Changes in Beneficial Ownership (4)
01/17/201716:57:40Statement of Changes in Beneficial Ownership (4)
01/17/201716:54:32Statement of Changes in Beneficial Ownership (4)
01/17/201716:52:49Statement of Changes in Beneficial Ownership (4)
01/17/201716:46:12Statement of Changes in Beneficial Ownership (4)
01/17/201716:43:29Statement of Changes in Beneficial Ownership (4)
01/17/201716:39:33Statement of Changes in Beneficial Ownership (4)
01/17/201716:37:42Statement of Changes in Beneficial Ownership (4)
01/12/201714:00:00ConocoPhillips to Hold Fourth-Quarter Conference Call on Thursday...
01/05/201715:45:00Venezuela's Oil Company Sued Over Latest Citgo Deal
01/03/201718:32:02Statement of Changes in Beneficial Ownership (4)
01/03/201718:19:10Statement of Changes in Beneficial Ownership (4)
01/03/201718:16:29Statement of Changes in Beneficial Ownership (4)
01/03/201718:12:35Statement of Changes in Beneficial Ownership (4)
01/03/201718:09:00Statement of Changes in Beneficial Ownership (4)
12/14/201608:30:00ConocoPhillips Provides 2016 Asset Disposition Program Update...

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