KENAI, Alaska (AP) - Andeavor has acquired the Kenai Liquefied Natural Gas facility from ConocoPhillips.
The company formerly known as Tesoro announced Thursday the LNG facility will be a natural extension of its Alaska operations.
Kenai radio station KSRM reports ConocoPhillips in November 2016 announced that it would sell the Kenai LNG plant. The company in July said it was scaling back operations until it had found a buyer.
Andeavor says the LNG facility will strengthen its integrated value chain by providing low-cost fuel for its petroleum refinery.
Andeavor says it will work to integrate current employees and operations into the Kenai Refinery facility.
The LNG plant includes a dock and loading facility. It was the only export facility of domestic liquefied natural gas in North America for nearly 50 years.