- Veresen (OTC:FCGYF) is awarded a final environmental impact statement by U.S. regulators, a key hurdle on the way to winning approval to build the $7B Jordan Cove liquefied natural gas export terminal in Oregon.
- The company says the FERC issued the permit for its 100%-owned project as well as the Pacific Connector Gas Pipeline it owns in partnership with a Williams Cos. (NYSE:WMB) subsidiary.
- The planned export terminal at Coos Bay, Ore., would have the capacity to receive 1.03B cf/day of gas and produce up to 6.8M metric tons/year of LNG; a 390 km natural gas pipeline from Malin, Ore., to the terminal would deliver gas originating in Canada and the U.S. Rocky Mountain region.
- Veresen says it expects to obtain a FERC notice to proceed in mid-2016, allowing it to make a final investment decision.