Story from the AP posted a few minutes ago on KTUU: Natural Gas Plant: LNG Plant in Kenai to Shut Down – ktuu.com.
The gist of the story is this: “ConocoPhillips and Marathon Oil Corp. plan to shut down the Nikiski liquefied natural gas plant in Alaska after more than 40 years in operation. Officials cite deterioration in the LNG market for the decision.”
This development has negative implications for Cook Inlet gas development, the Bullet Line and the Valdez LNG line (if the fully depreciated Kenai plant can’t maintain an existing position in the Asia LNG market, not likely a new build plant can penetrate the market). A development that casts a long shadow.