HOME PAGE All ADVERTISING OPTIONS SUBSCRIPTIONS - Print Edition, News Bulletin Service PRODUCTS - Special Publications SEARCHABLE ARCHIVES Free Trial Subscription Email this News Bulletin to an associate.
NEWS BULLETIN

February 02, 2018 --- Vol. 24, No.4February 2018

ConocoPhillips sells LNG plant to Andeavor

ConocoPhillips has sold its liquefied natural gas facility at Nikiski on the Kenai Peninsula to Andeavor, formerly called Tesoro, the operator of the nearby Nikiski oil refinery.

"The sale closed and the operatorship was transferred to Andeavor on Jan. 31," ConocoPhillips spokeswoman Amy Burnett has told Petroleum News.

"We can confirm that Andeavor has acquired the Kenai Liquefied Natural Gas (LNG) facility," Andeavor spokesman Scott LaBelle told Petroleum News. "This acquisition further strengthens our integrated value chain by optimizing our operations in Kenai and providing low-cost fuel for our refinery to produce the fuels that consumers in Alaska need to keep their lives moving."

The LNG facility is the last of ConocoPhillips' Cook Inlet assets to be sold - the company has previously sold its Cook Inlet gas fields.

"With the sale of Kenai LNG, ConocoPhillips Alaska is able to direct its full attention to its North Slope operations," Burnett said.

- Alan Bailey

See story in Feb. 11 issue, available noon Feb. 9 at www.PetroleumNews.com

Print this story
Did you find this article interesting? Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.PetroleumNews.com
S U B S C R I B E

CLICK BELOW FOR A MESSAGE FROM OUR ADVERTISERS.