The U.S. Federal Energy Regulatory Commission (“FERC”) sanctioneda plan by Marathon Petroleum Corporation's (MPC - Free Report) subsidiary, Trans-Foreland Pipeline Co LLC, unit to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal. FERC has given two years to Trans-Foreland to put the planned project into service.
The Kenai LNG Terminal entered service in 1969. It presently has a 0.2-billion cubic feet per day (Bcf/day) liquefaction unit, a pre-treatment facility, a boil-off gas management system, three 35,000-cubic-meter LNG storage tanks, ancillary facilities and a marine loading/unloading dock. The terminal has not exported LNG since 2015.
Trans-Foreland intends to make various arrangements and construct a number of mechanisms in order to transform the Kenai LNG plant into an import terminal. Some of these comprise a skid-mounted, electric-powered trim LNG vaporizer module, consisting of 10 trim LNG vaporizers; a 1,000 horsepower (hp), electric-driven boiloff gas booster compressor; a vaporizer feed pump; an LNG circulation pump; 12 new valves and minor piping rearrangements; and appurtenant facilities. All these work will take place within the periphery of the Kenai LNG Terminal.
Post conversion of the facility, Trans-Foreland is expected to import up to four tanker loads of LNG annually. It will use its boil-off gas management system to deliver around 3,500-7,000 million British thermal units (MMBtu) per day of imported gas to the Kenai Refinery. Trans-Foreland’s import terminal will have a yearly capacity of 1.825 million MMBtu.
About Marathon Petroleum
Findlay, OH-based Marathon Petroleum is a leading independent refiner, transporter and marketer of petroleum products. The company, in its current form, came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation’s refining/sales business into a separate, independent and publicly-traded entity.
Zacks Rank & Key Picks
Marathon Petroleum currently has a Zacks Rank #3 (Hold). Some better-ranked players in the energy space are Hess Midstream Partners LP (HESM - Free Report) , DCP Midstream Partners, LP and China Petroleum & Chemical Corporation , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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The U.S. Federal Energy Regulatory Commission (“FERC”) sanctioneda plan by Marathon Petroleum Corporation's (MPC - Free Report) subsidiary, Trans-Foreland Pipeline Co LLC, unit to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal. FERC has given two years to Trans-Foreland to put the planned project into service.
The Kenai LNG Terminal entered service in 1969. It presently has a 0.2-billion cubic feet per day (Bcf/day) liquefaction unit, a pre-treatment facility, a boil-off gas management system, three 35,000-cubic-meter LNG storage tanks, ancillary facilities and a marine loading/unloading dock. The terminal has not exported LNG since 2015.
Trans-Foreland intends to make various arrangements and construct a number of mechanisms in order to transform the Kenai LNG plant into an import terminal. Some of these comprise a skid-mounted, electric-powered trim LNG vaporizer module, consisting of 10 trim LNG vaporizers; a 1,000 horsepower (hp), electric-driven boiloff gas booster compressor; a vaporizer feed pump; an LNG circulation pump; 12 new valves and minor piping rearrangements; and appurtenant facilities. All these work will take place within the periphery of the Kenai LNG Terminal.
Post conversion of the facility, Trans-Foreland is expected to import up to four tanker loads of LNG annually. It will use its boil-off gas management system to deliver around 3,500-7,000 million British thermal units (MMBtu) per day of imported gas to the Kenai Refinery. Trans-Foreland’s import terminal will have a yearly capacity of 1.825 million MMBtu.
About Marathon Petroleum
Findlay, OH-based Marathon Petroleum is a leading independent refiner, transporter and marketer of petroleum products. The company, in its current form, came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation’s refining/sales business into a separate, independent and publicly-traded entity.
Zacks Rank & Key Picks
Marathon Petroleum currently has a Zacks Rank #3 (Hold). Some better-ranked players in the energy space are Hess Midstream Partners LP (HESM - Free Report) , DCP Midstream Partners, LP and China Petroleum & Chemical Corporation , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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