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Title: LNG - Operations & Measurement
Author: H. J. Steiner
Source: 1975 International School of Hydrocarbon Measurement
Year Published: 1975
Abstract: In 1957, oil was discovered in the Swanson River area of the Kenai Peninsula of Alaska. Following this discovery, extensive exploration and drilling activity led to additional discoveries of oil and gas in the area. By I963 over 4 trillion cubic feet of natural gas had been discovered and proven by the oil industry in the Kenai Peninsula - Cook Inlet Area of Alaska. The local natural gas market was quickly satisfied by those finds and additional outside markets were needed in order to produce this natural resource. However, the normal U. S. markets were distant and conventional pipeline transmission impractical and uneconomical. In March, I967, Phillips Petroleum Company and Marathon Oil Company executed a gas sales contract with Tokyo Electric Power Company, Inc., and Tokyo Gas Company, Ltd., for delivery of 140,000,000 standard cubic feet per day of this natural gas in liquified form. The contracted volume of gas to be supplied 70 by Phillips Petroleum Company from its North Cook Inlet Field and 30% by Marathon Oil Company from its share of the Kenai Gas Field.

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