Begich Welcomes Kenai LNG Plant Export License Extension
Welcoming the jobs it creates and the revenues to state and local governments, U.S. Sen. Mark Begich today applauded a decision by the U.S. Department of Energy to extend for an additional two years a license to ConocoPhillips and Marathon to export liquefied natural gas (LNG) from their Nikiski plant.
"The Kenai LNG plant provides more than 100 direct and indirect jobs and about $60 million in royalties and taxes for the state and Kenai Peninsula Borough," Begich said. "I was pleased as Anchorage mayor to support this important economic development project and happy as senator to push the federal government to extend the license."
Begich, Sen. Lisa Murkowski and Rep. Don Young in June sent a joint letter to the Department of Energy urging renewable of the export license, which was approved Tuesday.
The license extension means the plant can continue to export LNG to Japan or other countries through March 2013. An especially beneficial provision is an option for the plant to curtail exports when the LNG is needed to meet local demand, such as during cold winter months.