Downeast LNG, a long-struggling liquefied natural gas (LNG) export terminal proposed for Maine to take advantage of abundant Marcellus and Utica shale natural gas, is up for sale, the project backer said. In announcing the decision, Downeast Chairman George Petrides cited the recent cancellation of Kinder Morgan Inc.’s Northeast Energy Direct (NED) project (see Daily GPI,April 21). Petrides said with the scrapping of NED, “…it is very likely that the Algonquin expansion will happen and will facilitate natural gas going from the Marcellus…to our project in northern Maine.” The Algonquin Gas Transmission project is called Access Northeast (see Daily GPI,May 4). Petrides said an industrial investor or infrastructure capital fund would be better suited to continue the pursuit of the terminal project. Last November, Downeast asked the Federal Energy Regulatory Commission to pause proceedings in its docket before the Commission (see Daily GPI,Nov. 4, 2015).
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Downeast LNG Export Project Down — And Out?
Downeast Liquefaction LLC has asked FERC to pause proceedings for its proposed liquefied natural gas (LNG) export project in Maine while backers rethink their plans in light of “current market conditions.”
FERC Staff Issues EA on Cove Point, FEIS on Downeast
FERC on Thursday issued an environmental assessment (EA) on the Cove Point Liquefaction Project on the Chesapeake Bay in Calvert County, MD, and issued a final environmental impact statement (FEIS) on the Downeast LNG import project to be located in Washington County, ME. In both cases, the projects were found by Commission staff to pose little harm if recommended mitigation measures are followed.