11/22/14 - 9:05pm
ANCHORAGE — Hilcorp Energy has agreed to purchase the Southcentral liquefied natural gas plant that supplies Fairbanks Natural Gas.
Fairbanks Natural Gas President and CEO Dan Britton said the prospect of the sale was spawned from discussions between the companies on how longer-term gas supplies could be secured.
Titan Alaska LNG, a wholly owned subsidiary of Fairbanks Natural Gas, operates the Point MacKenzie LNG plant. Britton is also president of Titan.
There is currently a gas contract in place from Hilcorp through 2018 to supply the plant.