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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
05/03/201617:37:54Statement of Changes in Beneficial Ownership (4)
05/03/201617:35:20Statement of Changes in Beneficial Ownership (4)
05/03/201617:32:43Statement of Changes in Beneficial Ownership (4)
05/03/201617:31:27Statement of Changes in Beneficial Ownership (4)
05/03/201611:14:05Quarterly Report (10-q)
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04/29/201619:27:00Investors Optimistic About Oil-Company Stocks After Earnings...
04/28/201615:20:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:30:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:16:00ConocoPhillips Further Reduces Spending Plans, Swings to Big...
04/28/201608:02:30Current Report Filing (8-k)
04/28/201607:00:00ConocoPhillips Reports First-Quarter 2016 Results; Announces...
04/20/201610:06:00Deserving Math Teachers Receive Top Recognition from ConocoPhillips
04/15/201604:22:00Gas-Exporters Need to Collaborate, Share If Industry is to Grow...
04/14/201603:54:00Cape Gets Multi-Million Pound Contract from ConocoPhillips UK
04/07/201612:00:00ConocoPhillips to Hold First-Quarter Conference Call on Thursday...
04/01/201612:41:38Statement of Changes in Beneficial Ownership (4)
04/01/201612:40:20Statement of Changes in Beneficial Ownership (4)
04/01/201612:37:22Statement of Changes in Beneficial Ownership (4)
04/01/201612:35:31Statement of Changes in Beneficial Ownership (4)

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