Kenai closure reminder of fragile gas market - Anchorage Daily News

By
Viraj
on February 13, 2011 11:02 AM | | TrackBacks (0)
The announcement last week by Conoco Phillips and Marathon Oil that they will close the Kenai natural gas liquefaction plant is another rude reminder of how fragile our petroleum economy has become.

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I wasn't surprised about the decision except that I thought it would happen in 2013, when a federal LNG export license expires But what disturbed me was that the closure now is caused partly by the inability of the companies to get the right price in the Asian LNG market for the small volumes they would ship.

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That is profoundly disturbing because it means that one of our options for developing North Slope gas, building a pipeline to a new LNG plant in Valdez or Cook Inlet, might be closed off by changes in the market.

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Kenai closure reminder of fragile gas market - Anchorage Daily News

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This page contains a single entry by Viraj published on February 13, 2011 11:02 AM.

Nifty in narrow range; oil & gas, TECk slip - Moneycontrol.com was the previous entry in this blog.

Oil sector needs flexibility on 7-yr tax holiday - Economic Times is the next entry in this blog.

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