ConocoPhillips doesn't plan license extension

Mar 12, 2013 -- 10:00am

 

- JUNEAU, Alaska (AP) - ConocoPhillips Alaska won't seek an extension of the export license for its liquefied natural gas plant in south-central Alaska. The current license expires March 31. Spokeswoman Amy Burnett says ConocoPhillips will consider a new license if needs of the local gas market are met and there is sufficient gas for export. She says ConocoPhillips is unaware of there being sufficient gas in Cook Inlet to support exports currently. In February 2011, ConocoPhillips and its then-partner announced plans to close the plant in Nikiski, citing market changes that didn't support continued exports. The plant was the sole supplier to Japan when it began exports in 1969 but had become a bit player by 2010. However, after the March 2011 earthquake and tsunami that devastated Japan, the company did provide additional shipments. 

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