Houston: The developer of a liquefied natural gas export terminal in Oregon that has already twice been denied permits by US regulators is giving it another shot.
Veresen Inc. said late Thursday that it filed another application with the Federal Energy Regulatory Commission for the $10bn Jordan Cove LNG terminal that would ship gas to Asia. The agency said the project wasn’t needed in March 2016, and rejected Veresen’s appeal in December. In its latest request, the Calgary-based company proposed route changes for a pipeline to feed the terminal and eliminated plans for a power plant.
Veresen is making a third attempt just as the Trump administration promotes LNG exports as a means of establishing America’s dominance in global energy markets and creating jobs. Gary Cohn, the director of the White House’s National Economic Council, referenced an unidentified Northwest terminal during a talk in April, saying the government would step up approvals for such projects. It’s among dozens proposed along the coasts of the US to send shale gas overseas.
Veresen said the project would create more than 200 permanent jobs and has said it would lower the US current account deficit with Japan, which President Donald Trump has complained about.
Veresen wasn’t immediately available for a comment. Shares dropped 0.75 percent to C$18.14 at 9:50am in Toronto.
