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ConocoPhillips to Suspend Operations at Alaska LNG Plant

 

 

 

ConocoPhillips Co., a firm with operations in Bartlesville and a regional office in Oklahoma City is putting an indefinite hold on operations at its liquefied natural gas plant in Kenai, Alaska.

The LNG plant was put on the market last year but no buyers have come forward.  ConocoPhillips made the decision as it confronts more competition around the world and deals with a glut of oil and natural gas.