Friday, November 18, 2016

ConocoPhillips (COP) Will Sell Its Kenai (Alaska) LNG Export Terminal -- November 18, 2016

From SeekingAlpha:
  • ConocoPhillips says it is in the process of selling its Kenai liquefied natural gas export terminal in Alaska, and will open a "data room" associated with the sale in January
  • COP says its current focus is on North Slope operations; COP has a nearly $1B capital budget for Alaska in 2016, and has accepted delivery of two new drilling rigs this year
  • COP says it has not exported any gas so far in 2016 because of market conditions, but the Kenai plant remains operational and ready to resume exports

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