Marathon Petroleum Corp. (MPC) has been granted more time to convert a former LNG export terminal on the Alaskan coast that would supply natural gas to a refinery.

FERC granted subsidiary Trans-Foreland Pipeline Co. LLC’s request to extend the conversion of the Kenai liquefied natural gas facility until the end of 2025 (No. CP19-118). The original deadline was this December after receiving initial approval in 2020.

In the request to the Federal Energy Regulatory Commission, Trans-Foreland cited issues “securing a supply arrangement providing the financial certainty necessary for the project” because of the Covid-19 pandemic and gas market volatility.
The extension was granted on the assertion “that the project remains commercially viable” and the firm is “actively...