Daily GPI / NGI All News Access

Industry Brief

The Ontario Superior Court of Justice in Toronto on Thursday upheld a claim by Energy Fundamentals Group Inc. (EFG) that it has the option to acquire a 20% interest in Calgary-based Veresen Inc.'s proposed Jordan Cove liquefied natural gas (LNG) project, a claim Veresen disputes. While saying that the court's decision does not materially affect the proposed LNG export project on the Oregon coast and its related Pacific Connector Pipeline, a Veresen spokesperson said the company is reviewing the decision and will consider its options, including an appeal. The dispute centers on a July 27, 2005 letter agreement between EFG and Veresen predecessor company Fort Chicago Energy Partners LP.

ISSN © 2577-9877 | ISSN © 1532-1231

Recent Articles by NGI Staff Reports

Comments powered by Disqus