ConocoPhillips should restart its decommissioned Kenai Peninsula liquefied natural gas plant in Alaska to encourage investment and energy exploration in Cook Inlet, the state's Natural Resources Commission said. "Without market opportunities for gas discoveries, companies lack the incentive to invest in continued exploration activities," Natural Resources Commissioner Joe Balash wrote in a letter to ConocoPhillips Alaska President Trond-Erik Johansen. Conoco appreciates the sentiment and will start assessing the prospects for resuming LNG exports, spokeswoman Natalie Lowman said.

Related Summaries