Cove

While touting an enhanced ability to complete large-scale projects like the multi-billion-dollar Jordan Cove liquefied natural gas (LNG) export terminal and connecting pipeline with the friendly merger now pending with Pembina Pipeline Corp., Calgary-based Veresen Inc. officials said they are not concerned that the lack of a quorum at FERC will hurt the project’s pending rehearing filing.

A top adviser to President Trump said the administration supports liquefied natural gas (LNG) exports and wants to issue permits for more LNG export facilities — including, reportedly, one on the south-central Oregon coast that has been rejected twice by FERC.

The backers of the only U.S. West Coast liquefied natural gas (LNG) project still alive, Calgary-based Veresen Inc., is talking to a third prospective Japanese buyer and is considering selling up to a 40% equity interest in the project to offtakers, including two already signed to term sheets, according to company officials.

The stalled multi-billion-dollar Jordan Cove liquefied natural gas (LNG) export terminal and connecting 232-mile Pacific Connector transmission pipeline in Oregon is still a long-term option for Calgary-based Veresen Inc., but it won’t move ahead unless the proposed 1 Bcf/d capacity facility is fully contracted, the CEO said Wednesday during an earnings conference call.

Within a week of being denied a rehearing, the Canadian-based backers of a liquefied natural gas (LNG) export project on the south-central coast of Oregon said they will re-apply at FERC for the $7.5 billion export facility and connecting gas pipeline project that bids to be the first U.S. West Coast LNG export facility.

A coalition of activist groups, citing parallels to the protests against the Dakota Access Pipeline project, is urging Oregon officials to reject the proposed Jordan Cove liquefied natural gas (LNG) export terminal and the 232-mile Pacific Connector (PCPL) gas pipeline.

Echoing earlier pleas from Japanese buyers thirsty for U.S. liquefied natural gas (LNG), local government representatives throughout northwest Colorado this month have written FERC, urging federal regulators to reactivate the Jordan Cove LNG export project proposed for the south-central coast of Oregon.

FERC’s continued inaction on rehearing requests is hurting progress on other permitting and commercial deals related to the proposed Jordan Cove liquefied natural gas (LNG) export project along the south-central coast of Oregon, project sponsors at Calgary-based Veresen Inc. said Wednesday during a 3Q2016 earnings conference call.

The long stalled — and final — proposed U.S. West Coast liquefied natural gas (LNG) export project was little more than an afterthought at a regional gas conference in Denver Tuesday, where a panel of experts gave their views on the shifting supply-demand balance, which is bolstered by more takeaway capacity to Mexico and via newly opened terminals on the Gulf Coast.