ConocoPhillips Buys Kenai LNG Plant

ConocoPhillips has purchased Marathon’s 30 percent interest in the Kenai LNG plant.

ConocoPhillips spokeswoman Natalie Lowman says the purchase took place Sept. 30.

Lowman says that ConocoPhillips bought Marathon’s interest in order to keep options open at the plant.

She says that could mean support of an LNG import facility or resuming operations to export LNG. Lowman says those uses are dependent on local needs, gas production and other factors.