Oregon LNG export terminal plan reportedly scrapped

• Leucadia National (LUK-OLD +0.5%), the developer of a planned liquefied natural gas export terminal on the Oregon coast, reportedly has withdrawn its proposal to build the facility because of a lack of funding.
• The $6.3B Oregon LNG project near Warrenton, Ore., was designed to have a liquefaction capacity of 9M metric tons/year and construction was expected to begin next year.
• The project had faced several setbacks, including a legal fight with the U.S. Army Corps of Engineers over rights to land for the facility, and local opposition because of effects on the fishing industry and the environment.