Update: ConocoPhillips reviewing bids for Kenai LNG plant

ConocoPhillips reviewing bids for Kenai LNG plant
Kenai LNG export plant (Image courtesy of ConocoPhillips)

(Article updated on Wednesday, 19.04., to include a statement by ConocoPhillips)

Houston-based energy giant and LNG player ConocoPhillips is currently evaluating bids it received for its liquefied natural gas export facility on the Kenai Peninsula in Alaska. 

Platts initially reported that the company is already in negotiations with potential buyers who submitted bids before the March 17 deadline.

In a response to LNG World News, ConocoPhillips spokeswoman said the company had requested that initial bids be submitted by March 17.

“The data room that was set up to market the Kenai LNG Facilities is closed and we have received interest,” the spokeswoman said, adding that the company is currently evaluating the bids in order to determine next steps.

ConocoPhillips put the facility up for sale in November last year, noting it is part of the company’s efforts to regularly review its assets to ensure it is optimizing its portfolio.

The export plant operated for six months during 2015, liquefying 20 Bcf of natural gas and delivering six LNG cargoes, while, due to the market conditions, ConocoPhillips did not conduct an export program in 2016.

The Kenai LNG plant complex, that is operational and ready to resume exports, includes docking and loading facilities to transport LNG, and has shipped over 1,300 cargoes primarily to Japan.


LNG World News Staff

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