Jordan Cove LNG and Pacific Connector Gas Pipeline Receive Final Environmental Impact Statement
September 30 2015 - 12:32PM
Business Wire
Jordan Cove Energy Project L.P. (“Jordan Cove LNG”) announced
today that the Federal Energy Regulatory Commission (“FERC”) in the
United States has issued a final Environmental Impact Statement
(“EIS”) for Jordan Cove LNG and Pacific Connector Gas Pipeline
(“Pacific Connector”). Jordan Cove LNG and Pacific Connector
formally filed applications with the FERC for approval to construct
a liquefied natural gas (“LNG”) export terminal at Coos Bay, Oregon
and a 232-mile natural gas pipeline from Malin, Oregon to the LNG
terminal in May and June 2013, respectively.
Jordan Cove LNG is a wholly-owned subsidiary of Veresen Inc.
(“Veresen”), and Pacific Connector is owned equally by a subsidiary
of Veresen and a subsidiary of The Williams Companies
(“Williams”).
“The final EIS is a significant regulatory milestone for
Veresen,” said Don Althoff, President and CEO of Veresen. “We have
worked closely with federal, state and local regulatory agencies
and with local communities over the past three years, and I’m
extremely proud of all the effort and due diligence undertaken to
ensure that the terminal and pipeline are designed to meet or
exceed all of the required environmental standards.”
“Receipt of our final EIS demonstrates our strong progress on
the permitting front and paves the way for Jordan Cove LNG to be
the first LNG export facility to be built on the west coast,” added
Elizabeth Spomer, President and CEO of Jordan Cove LNG. “This
regulatory milestone will be viewed as great news by our target
customers.”
FERC’s Notice of Schedule, issued in June 2015, provides for the
issuance of a final order and certificates for Jordan Cove LNG and
Pacific Connector on or before December 29, 2015. Veresen expects
to obtain a FERC "Notice to Proceed" in mid-2016, leading to a
final investment decision thereafter.
Jordan Cove LNG will be among the largest commercial ventures in
Oregon’s history, and will foster regional prosperity through job
creation, community investment and other local benefits.
About Jordan Cove Energy Project L.P.
Jordan Cove Energy Project L.P. is a subsidiary of Veresen, a
diversified energy infrastructure company that owns and operates
assets across North America. The project consists of a natural gas
liquefaction and export facility and an adjacent 420 MW power
generation plant dedicated to the export facility.
About Pacific Connector Gas Pipeline L.P.
Pacific Connector Gas Pipeline LP is a limited partnership
between Williams Partners Operating LLC and Jordan Cove LNG L.P.
Pacific Connector is a proposed 232-mile, 36-inch diameter
interstate natural gas transmission system designed to transport up
to 1,030,000 dekatherms per day of natural gas to Jordan Cove’s LNG
export terminal.
About Veresen Inc. (TSX: VSN)
Veresen is a publicly-traded dividend paying corporation based
in Calgary, Alberta, that owns and operates energy infrastructure
assets across North America. Veresen is engaged in three principal
businesses: a pipeline transportation business comprised of
interests in three pipeline systems, the Alliance pipeline, the
Ruby Pipeline and the Alberta Ethane Gathering System; a midstream
business which includes ownership interests in a world-class
natural gas liquids extraction facility near Chicago, the
Hythe/Steeprock complex, and other natural gas and NGL processing
energy infrastructure; and a power business with a portfolio of
assets in Canada and the United States. Veresen is also actively
developing a number of greenfield projects, including the Jordan
Cove LNG terminal, a six million tonne per annum natural gas
liquefaction facility proposed to be constructed in Coos Bay,
Oregon, and the Pacific Connector Gas Pipeline. In the normal
course of its business, Veresen regularly evaluates and pursues
acquisition and development opportunities.
About Williams (NYSE:WMB)
Williams, headquartered in Tulsa, Okla., is one of the leading
energy infrastructure companies in North America. It owns
controlling interests in both Williams Partners L.P. (NYSE:WPZ) and
Access Midstream Partners, L.P. (NYSE:ACMP). Northwest Pipeline
LLC, a wholly owned subsidiary of Williams Partners L.P., is a
3,900-mile gas transmission system crossing the states of
Washington, Oregon, Idaho, Wyoming, Utah and Colorado. The
bi-directional system provides access to British Columbia, Alberta,
Rocky Mountain and San Juan Basin gas supplies.
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version on businesswire.com: http://www.businesswire.com/news/home/20150930006477/en/
Jordan Cove LNGChuck Deister,
503-949-5762charles@pioneergrpllc.comorPublic OutreachPacific
Connector Gas PipelineGeorge Angerbauer,
801-584-6615george.angerbauer@williams.com
Williams Companies (NYSE:WMB)
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