MOSCOW (MRC) -- US authorities have approved Houston-based ConocoPhillips to export LNG once again from its Kenai terminal in Alaska, according to a report from news agency Reuters.
ConocoPhillips will be allowed to export about 40 billion cubic feet of LNG over a two-year period, starting on February 19.
The company’s previous export licence for the Kenai plant in Nikiski, located on the Kenai peninsula, expired at the end of March 2013.
The project had mostly exported to Japan.
The US Department of Energy’s decision will now allow ConocoPhillips to export to any country with which the US has a free-trade agreement or with which trade is not banned under US law.
As MRC informed earlier, in December 2015, ConocoPhillips, one of the pioneers of foreign investment in the Russian oil and gas industry, has completed a full retreat from the country by selling out of its Polar Lights joint venture with Rosneft.
ConocoPhillips Co. is an American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States. It is the world's largest independent pure-play exploration and production company and is a Fortune 500 company. ConocoPhillips was created through the merger of American oil companies Conoco Inc. and Phillips Petroleum Co. on August 30, 2002. In 2012, ConocoPhillips' spun off its downstream assets as a new, and separate company, Phillips 66.MRC