Kenai Liquified Gas is Acquired by Andeavor

The refinery can process up to 72,000 Barrels a day

Andeavor, the petroleum company that owns Tesoro, has acquired Kenai Liquefied Natural Gas, a plant that includes a dock and loading facility, and for nearly 50 years was the only export facility of domestic liquefied natural gas in North America.

A prior agreement between the company keeps the details of the sale confidential. The facility that Andeavor acquired is valued at 55 million.

Andeavor stocks have experienced decline in value, dropping from $121.13 to $91.01 since mid January, but have risen drastically since 2002, where shares sold for as little as $0.85 in October.


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