ConocoPhillips plans to sell its Kenai LNG production plant and export terminal in Alaska (United States), which only operated for 6 months in 2015 and produced 565 mcm of LNG during the year, much below its nameplate capacity of 2 bcm/year (1.5 Mt/year).
The liquefaction plant was commissioned in 1969 and was the only LNG plant in North America until the start up of the 4.5 Mt/year Sabine Pass LNG project in 2016. Kenai's export license expired in March 2013, stopping the plant's operations. In April 2014, a new export license was granted, allowing the plant to export 40 bcf (1.1 bcm) of LNG over a two-year period, and relaunching operations. The licence was renewed in February 2016 for 40 bcf (1.1 bcm) over the February 2016-February 2018 period. However, ConocoPhillips has not exported any gas so far in 2016 due to low gas prices.
ConocoPhillips is currently focusing on its North Slope operations in northern Alaska and will provide more information on Kenai LNG in January 2017.