Veresen

Veresen Inc.’s main focus is trained on completing a$7.3 billion combination with Pembina Pipeline, but the Calgary-based management team also is working to submit a revamped, more costly FERC application for the decade-old proposal to build the Jordan Cove liquefied natural gas (LNG) project along the Oregon coast.

Anxious to see the review process restarted for the Jordan Cove liquefied natural gas (LNG) project, western Colorado producers appealed to FERC again on Wednesday to consider the socioeconomics to their region along the Western Slope of the Rockies as part of any renewed environmental assessments.

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.

Pembina Pipeline Corp. and Veresen Inc. announced a friendly merger Monday to create a Canadian heavy hitter in natural gas, liquids byproducts and oil processing, transportation and storage.

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.

Calgary-based Veresen Inc. is upping its game in the gassy Montney formation that straddles British Columbia and Alberta, announcing it is sanctioning C$195 million of midstream capital projects to serve an exploration joint venture of Encana Corp. and Mitsubishi Corp.

FERC dashed the prospects for a U.S. West Coast liquefied natural gas (LNG) export project when it rejected Friday a request for rehearing of the Jordan Cove LNG project along the south-central Oregon coast.

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.