Veresen tries again for FERC approval for Jordan Cove LNG terminal in Oregon

Canadian energy infrastructure firm Veresen is hoping to be third-time lucky as it files an application with US regulators to approve its planned liquefied natural gas (LNG) export terminal in Oregon, according to Bloomberg.

Twice before, the Federal Energy Regulatory Commission (FERC) has knocked back the $10bn Jordan Cove facility in Coos Bay.

FERC’s previous rejections in March and December of 2016 were on grounds that the project was unnecessary and could cause environmental damage.

For this iteration Veresen has proposed changes to the route of a pipeline supplying the terminal.

If realized, Jordan Cove LNG would be a shipping point for transporting Rocky Mountains natural gas to markets in Asia, particularly Japan.

Veresen has been encouraged to try again because of positive noises about LNG exports from the US administration of President Donald Trump.

Calgary, Alberta-based Veresen is involved in pipelines, natural gas and power generation. It is listed on the Toronto Stock Exchange.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
Back to top button