Leucadia-led group applies to export Canadian natural gas via Oregon

|About: Leucadia National Corporation (LUK)|By:, SA News Editor

A holding company majority owned by Leucadia National Corp. (LUK) applies for permission from Canada's National Energy Board to export nearly 1.3B cf/day of natural gas from fields in British Columbia and Alberta to feed a proposed $6B export plant in Warrenton, Ore.

The group still needs approval from the U.S. FERC to export the gas to non-free trade agreement countries.

Another project, backed by Versen (FCGYF), is seeking to export up to 1.55B cf/day from Canada along existing pipelines to a proposed export plant in nearby Coos Bay, Ore.

LUK +1.1% AH.