Harvest Alaska’s agreement with Marathon Petroleum Corporation (MPC) and Chugach Electric Association to acquire and redevelop the Kenai LNG Terminal presents a promising solution to Southcentral Alaska’s energy needs.
The initiative is aimed at addressing a potential short-term natural gas shortage in the region, leveraging existing infrastructure to provide additional supplies as early as 2026, with full operations set for 2028.
The project involves repurposing the Kenai LNG facility’s assets, including dock infrastructure and storage capacity, to ensure reliable and timely delivery of natural gas to meet market demand. With approvals already in place from the Federal Energy Regulatory Commission (FERC), the terminal is well-positioned to support the region’s energy needs as long-term alternatives are explored.
Key industry stakeholders, including Harvest, Chugach Electric, and MPC, are working together to ensure the success of the project. Harvest’s CEO Jason Rebrook highlighted the company’s expertise in operating critical infrastructure in Alaska, while Chugach’s CEO Arthur Miller emphasized the importance of securing gas supplies to replace their expiring contract with Hilcorp in 2028. MPC’s support underscores the strategic importance of the terminal in sustaining energy security for both local consumers and the Kenai refinery.
As the region faces a potential natural gas shortage, this project stands as a critical step toward ensuring energy reliability, cost-efficiency, and sustainability for Southcentral Alaska’s residents and industries.
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