LNG

The US Federal Energy Regulatory Commission has pushed back the decision deadline on a request from Marathon Petroleum Corp. to convert the Kenai liquefied natural gas export plant in Alaska into an import terminal.

Marathon Petroleum Corp. has agreed to take over Andeavor in a $23-billion deal that would create a powerful US refining, marketing and midstream company with a huge presence in Permian Basin shale in the latest merger to coincide with rising oil prices.

Andeavor, the Texas-based energy and refining company, has acquired the Alaskan small Kenai liquefaction and export plant that was closed by previous owners ConocoPhillips in 2016 after shipping cargoes to Japan for more than 40 years.