Friday, October 8, 2010

ConocoPhillips (NYSE:COP), Marathon (NYSE:MRO) Exports Given OK to Continue

The Alaskan Energy Department has given ConocoPhillips (NYSE:COP) and Marathon Oil (NYSE:MRO) approval to go ahead and continue to export liquefied natural gas from their plant located at Nikiski.

It was an issue in the first place because some were worried over the possibility the exports could result in shortages in the Southcentral region of Alaska.

Both companies asked for their export license, which was going to expire in March, to be extended for another two years.

The two companies export the liquefied natural gas from the plant to Asian markets.

Nikiski processes natural gas from Cook Inlet into liquid.

No comments:

Post a Comment