AK SR12

Urges the United States Department of Energy to expeditiously approve a two-year extension of the export license for the Kenai liquefied natural gas plant, which is set to expire in March 2011.

The Kenai LNG plant has operated safely and efficiently for more than 40 years and generates approximately $130,000,000 in annual economic benefits to the state and Kenai Peninsula Borough combined.

The facility directly supports approximately 60 jobs and indirectly supports approximately 50 jobs, generating approximately $17,000,000 annually in personal income.

The plant serves as a virtual storage facility that ensures stable gas supply for Southcentral Alaska during peak demand periods and provides approximately $60,000,000 in annual royalties and taxes.

Copies of the resolution shall be sent to the U.S. Secretary of Energy and Alaska's congressional delegation including Senators Lisa Murkowski and Mark Begich, and Representative Don Young.