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Oil and gas company Marathon Petroleum said global instability is complicating its plans on the Kenai Peninsula.
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The new Three Bears location in Sterling is slated to open on Friday, Aug. 5.Construction delays pushed the original opening back more than a year. But the Wasilla-based company says it hopes everything will be good to go Friday at the new location — which will include a grocery store, gas station, liquor store, convenience store, and Ace Hardware store.
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Global markets unsettled by the war in Ukraine have bumped up gas prices and disrupted energy supply chains in the U.S. and abroad.Boosters of the long sought Alaska Liquified Natural Gas project say those same factors make it the perfect time to invest in their plan to build their $39 billion dollar project.
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Several businesses on the Kenai Peninsula are experiencing stock shortages as a result of supply chain issues.