#United States #Harvest Midstream #Kenai LNG #Alaska Energy #Nikiski, Alaska

Harvest Midstream Completes Acquisition of Kenai LNG Terminal

Harvest Midstream has recently finalized the purchase of the Kenai LNG facility, located in Nikiski, Alaska. This acquisition marks a significant step towards achieving robust energy solutions for Southcentral Alaska, in line with the company's strategic goals set earlier this year.

According to Jason C. Rebrook, the CEO of Harvest Midstream, this acquisition is pivotal for enhancing energy reliability in Alaska. Earlier in 2025, the company successfully delivered the first-ever LNG sourced from North Slope to Fairbanks, which establishes a strong operational precedent for this new venture. The Kenai LNG facility is instrumental in fulfilling both the immediate and long-term energy requirements of the region by revitalizing existing LNG infrastructure.

Facility Details and Strategic Importance

The Kenai LNG terminal encompasses approximately 100 acres of industrial waterfront alongside its facilities, which include a substantial storage capability of 107,000 cubic meters of LNG. The infrastructure has historically supported LNG vessels up to 138,000 cubic meters, a capacity that allows for significant import and export operations. This acquisition not only aids in meeting the immediate gas needs of Southcentral Alaska but also maintains the potential for future LNG exports, enhancing Alaska's position in global energy markets.

Following a comprehensive inspection of the onshore facility and dock infrastructure completed in the summer of 2025, Harvest Midstream is now focusing on amending its existing FERC permit to expand import capacities. The company is already engaged in advanced discussions with international LNG suppliers and prospective customers, targeting a final investment decision in mid-2026. They project the first LNG imports will commence in the first half of 2028.

Commercial Opportunities

With the acquisition finalized, Harvest Midstream is actively encouraging commercial engagement. They invite any parties interested in gas supply or offtake services to reach out for collaboration opportunities. The company aims to facilitate a more tailored energy solution that addresses the unique needs of local utilities and consumers in the region.

About Harvest Midstream

Harvest Midstream, headquartered in Houston, Texas, is a rapidly growing midstream service provider. The company specializes in the gathering, storage, transportation, treatment, and terminaling of crude oil and natural gas. Through a series of strategic acquisitions, Harvest has increased its national presence significantly. In Alaska, they operate across Cook Inlet and the North Slope, holding a 49% stake in the essential Trans-Alaska Pipeline System (TAPS). With this acquisition, Harvest Midstream is well-positioned to bolster its footprint and meet the evolving energy landscape of Alaska.

By revitalizing the Kenai LNG terminal, Harvest Midstream not only focuses on immediate benefits but also lays the foundation for a sustainable energy future for Southcentral Alaska. This initiative is expected to strengthen community ties, improve energy reliability, and foster economic growth in a region that relies significantly on stable energy solutions. As the company moves forward, the focus remains on developing energy infrastructures that can adapt to market demands while supporting regional advancements in energy security.