Canadian Manufacturing

Calgary’s Veresen hopes for U.S. approval of LNG terminal, pipeline

The U.S. energy regulator rejected the application on March 11, in part because Veresen didn't have signed sales contracts



CALGARY—Veresen Inc. is making another attempt to get U.S. regulatory approval for the Jordan Cove liquefied natural gas project.

The Calgary-based company confirmed that it has asked the U.S. Federal Energy Regulatory Commission (FERC) to reconsider its opposition to the terminal and an associated pipeline to Oregon’s coast at the port of Coos Bay.

The U.S. energy regulator rejected the application on March 11, in part because Veresen didn’t have signed sales contracts.

In the following weeks, Veresen has signed preliminary deals that would account for half the Jordan Cove terminal’s output.

On April 8, Veresen announced a preliminary 20-year agreement with Japanese commodities trader Itochu Corp. for 1.5 million tonnes per year of LNG.

It has a similar deal with JERA, a joint venture between Tokyo Electric Power Company and Chubu Electric Power Co.

Veresen confirmed April 11 that it had filed a request for FERC to rehear the submission. FERC has 30 days to grant or deny the request for rehearing.

Related Posts from the network