Published: October 26th, 2011 08:18 PM
Last Modified: October 26th, 2011 08:19 PM
KENAI -- A Conoco Phillips spokeswoman says the company plans to move one last shipment from its Kenai liquefied natural gas plant before idling the plant in early November. The company, which recently bought Marathon Oil Corp.'s minority interest in the plant, has repeatedly extended operations at the facility. In February, officials said they planned to idle the plant after more than 40 years in operation, citing market changes. They said there was no longer a business case for continued exports. The wind-down was expected to take several months.
But the plant has continued to fill short-term contracts to Asia.
Conoco Phillips' spokeswoman Natalie Lowman said Wednesday that after the last shipment, the plant will be in preservation mode until spring, when officials plan to revisit their options for the facility.
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