US-based energy firm ConocoPhillips has received approval from the US Department of Energy (DOE) to export liquefied natural gas (LNG) from its Kenai Peninsula facility in Alaska to all countries.
The company’s permit has been renewed by the US Department of Energy to export LNG from the Nikiski plant.
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According to the company, due to concerns about falling gas output in the Cook Inlet region, its previous permit to export LNG lapsed in March 2013.
Following the renewed permit, ConocoPhillips will be able to send up to 40 billion cubic feet of LNG overseas over the next two years.
Exports from the Kenai Peninsula facility are expected to resume in the spring 2014.
In February 2011, the company closed its Kenai facility due to market conditions and had shipped LNG from the terminal for decades.
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By GlobalDataEarlier, the energy firm had announced its plans to consider pursuing a new export authorisation if the gas needs in the area were addressed and sufficient gas was available for export.
Compared to the rest of the US, LNG export terminals in Alaska are said to face various stringent permitting requirements.
Alaska senator Lisa Murkowski, who praised the approval, said that DOE’s latest announcement highlights the growth that is taking place in the region.
The Cook Inlet region currently is said to have ample gas supply to meet local needs as well as overseas.
Alaska’s Department of Natural Resources asked ConocoPhillips to resume LNG exports in September 2013 in order to help support local natural gas production in Alaska.
