Blog Title: Kenai Peninsula LNG
terminal is going to have a new owner and a new purpose!
Happy Wednesday! We hope you have been able to keep dry today! It looks like the rain has moved away
nonetheless the cold air is moving in.
We’re not looking forward to it!
Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update on February 7,
2025, their article titled, “Harvest buys Kenai LNG to repurpose as import
terminal”? In the article, it speaks on
how Harvest Alaska, a subsidiary of Harvest Midstream Co., will be buying Kenai Peninsula LNG terminal and its assets
from one of Marathon Petroleum Corp. (MPC), subordinate companies. Harvest Alaska will be redeveloping the export
terminal into an import regasification terminal to help bring natural gas to south
central Alaska, where additional supply in needed. The changeover of the terminal is expected to
take approximately a year with the terminal being fully functional by the
beginning of 2028.
The export
terminal, Kenai Peninsula LNG is located on the Cook Inlet in Alaska. Its assets include a berth capable of loading
138,000 cubic meter LNG vessel and able to store 107,000 cubic meters of natural
gas in its tanks. Harvest Alaska will be
starting a FEED study on the Kenai Peninsula LNG terminal for the changeover. Harvest Alaska and Chugach Electric Assoc. will be negotiating
terms for them to bring in a supply LNG; they currently have one with Hilcorp
Energy and their contract doesn’t end until
the end of the first quarter of 2028. MPC’s
subsidiary will be getting gas for its refinery on the Cook Inlet from the Kenai
Peninsula LNG Terminal. This project is
a band-aid to help south central Alaska until the decision to develop the
20-million tonne/year Alaska LNG project export terminal on the North Slope advances
and becomes reality. We wish Harvest Alaska
luck and speed navigating the new administration for their redevelopment of their
new import terminal! If you would like
to read more of the Oil & Gas Journal’s article, please click the
link: Harvest
buys Kenai LNG to repurpose as import terminal | Oil & Gas Journal.
Don’t forget
to check out our ESC website or
contact us via the email in the Blog, if you have a hydrocarbon liquids
project you would like to see get off the ground or you would like to see
what’s under your feet to help with your emissions!
We hope you have a wonderful evening! Keep warm!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **