Harvest Midstream, a privately-held midstream service provider based in Houston, Texas, announced in a press release Tuesday, Nov. 11, their acquisition of the Kenai LNG facility in Nikiski. The terminal previously operated as an export facility, primarily shipping liquefied natural gas to Japan, until its closure in 2017. Harvest now intends to redevelop the site as an import terminal.
Harvest Midstream is focused on the gathering, storage, transportation, treatment and terminalling of crude oil and natural gas, the release states. Harvest’s operations in Alaska span the Cook Inlet and the North Slope, and include a 49% ownership stake in the Trans-Alaska Pipeline System.
The close of the acquisition Tuesday advances the company’s plan, established in February, to “redevelop existing LNG infrastructure to strengthen Southcentral Alaska’s energy security and provide reliable, market-responsive energy solutions for local utilities and consumers,” according to the release.
Harvest’s acquisition of the Kenai LNG terminal includes approximately 100 acres of industrial waterfront, 107,000 cubic meters of LNG storage and “legacy” dock infrastructure “historically capable” of handling LNG vessels of capacity up to 138,000 cubic meters, or about 2.9 billion cubic feet of natural gas.
Harvest CEO Jason Rebrook called the acquisition “another milestone in delivering real energy solutions for Alaska and advancing America’s energy infrastructure.”
“Earlier this year, we delivered the first-ever North Slope LNG to Fairbanks, and now we are building on that momentum by putting existing LNG infrastructure back to work to help meet Southcentral Alaska’s near-term gas needs and strengthen long-term energy reliability for the state,” he said in the release.
This summer, according to the release, Harvest completed a full inspection of the Kenai terminal’s onshore facility and dock infrastructure. The company is now seeking an amendment to its existing Federal Energy Regulatory Commission permit to increase import capacity and is in “advanced” talks with global LNG suppliers and potential offtake customers. Harvest is targeting a final investment decision in the second quarter of 2026 and first LNG imports in the first half of 2028. With the acquisition complete, the company is also soliciting commercial engagement from any party interested in gas supply or gas offtake services.
Learn more at www.harvestmidstream.com/.
