Harvest Midstream, a Houston-based privately held midstream company, closed its acquisition of the Kenai LNG facility in Nikiski, Alaska on November 11, 2025. The deal, which follows a redevelopment plan announced in February 2025, brings approximately 100 acres of industrial waterfront and 107,000 cubic meters of LNG storage capacity under Harvest’s ownership. The company said the acquisition is intended to strengthen Southcentral Alaska’s energy security and provide gas supply to local utilities and consumers.
What it means
Harvest completed a full inspection of the onshore facility and dock infrastructure in summer 2025 and is now seeking a FERC permit amendment to increase import capacity at the site. The legacy dock can handle LNG vessels up to 138,000 cubic meters — equivalent to approximately 2.9 billion cubic feet of natural gas. Harvest said it is in advanced talks with global LNG suppliers and potential offtake customers, and is soliciting commercial engagement for gas supply and offtake services. The company targets a final investment decision in the second quarter of 2026 and first LNG imports in the first half of 2028.
“Today’s announcement is another milestone in delivering real energy solutions for Alaska and advancing America’s energy infrastructure,” CEO Jason C. Rebrook said in the release. Rebrook also noted that Harvest delivered the first-ever North Slope LNG to Fairbanks earlier in 2025, describing the Kenai acquisition as building on that effort to address Southcentral Alaska’s near-term gas needs. The Kenai acquisition is separate from the $1 billion acquisition Harvest previously closed from MPLX LP.
Key facts
- Facility: Kenai LNG, Nikiski, Alaska
- LNG storage capacity: 107,000 cubic meters
- Industrial waterfront included: approximately 100 acres
- Dock capacity: LNG vessels up to 138,000 cubic meters (approximately 2.9 billion cubic feet of natural gas)
- FERC permit amendment: sought to increase import capacity
- Target final investment decision: second quarter of 2026 (according to the company)
- Target first LNG imports: first half of 2028 (according to the company)
- Harvest ownership stake in Trans-Alaska Pipeline System (TAPS): 49%
- Separate prior acquisition from MPLX LP: $1 billion
Source: Harvest Midstream news release (PR Newswire)