Energy Department OKs LNG terminal on the coast of Oregon
March 26, 2014, 1:06 am TWN
PORTLAND, Oregon--The U.S. Energy Department gave conditional authorization Monday for liquefied natural gas to be exported from a proposed terminal in Coos Bay, on the Oregon coast.
Jordan Cove LNG terminal is the seventh project to get such authorization, although it may be years before exports begin. The project must still go through an environmental review and final regulatory approval.
The terminal would prepare gas for shipment and export it to countries that do not have a free trade agreement with the United States. The facility would be able to export up to 22.66 million cubic meters of natural gas a day for 20 years.
The US$7 billion project, led by Calgary, Alberta-based Veresen Inc., includes a 230-mile pipeline and a plant that would cool the gas into a liquid state for shipment on tankers. It would move natural gas from the Rocky Mountains and Canada to Asia, primarily Japan and India.
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