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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 isabel.ordonez@dowjones.com

Stock News for Conocophillips (COP)
DateTimeHeadline
02/11/201613:27:17Amended Statement of Ownership (sc 13g/a)
02/10/201610:19:19Amended Statement of Ownership (sc 13g/a)
02/09/201618:55:00Anadarko Slashes Dividend By 81% -- 2nd Update
02/09/201617:20:00Anadarko Slashes Dividend by 81%
02/09/201617:11:00Anadarko Slashes Dividend By 81% -- Update
02/04/201618:54:00ConocoPhillips Cuts 2016 Spending Plans, Slashes Dividend...
02/04/201608:33:00ConocoPhillips Cuts 2016 Spending Plans, Slashes Dividend...
02/04/201608:10:00ConocoPhillips Cuts 2016 Spending Plans
02/04/201608:07:00ConocoPhillips Cuts 2016 Spending Plans, Slashes Dividend
02/04/201607:59:37Current Report Filing (8-k)
02/04/201607:00:00ConocoPhillips Reports Fourth-Quarter & Full-Year 2015 Results;...
02/03/201609:35:30Statement of Changes in Beneficial Ownership (4)
02/02/201614:24:14Statement of Changes in Beneficial Ownership (4)
02/02/201614:09:56Statement of Changes in Beneficial Ownership (4)
02/02/201614:08:06Statement of Changes in Beneficial Ownership (4)
02/02/201613:55:28Statement of Changes in Beneficial Ownership (4)
02/01/201612:35:00Aker Solutions Bags ConocoPhillips Contract
01/28/201619:44:00Origin Energy Revenue Falls Despite Rise in Output
01/19/201617:31:12Statement of Changes in Beneficial Ownership (4)
01/19/201617:29:12Statement of Changes in Beneficial Ownership (4)

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