The Federal Energy Regulatory Commission on Friday rejected the pending requests for a re-hearing by the Jordan Cove Energy Project L.P., Pacific Connector Gas Pipeline, the State of Wyoming and the Wyoming Pipeline Authority.
The commission orders read as follows:
(A) Jordan Cove Energy Project, L.P’s and Pacific Connector Gas Pipeline, LP’s request to reopen the record is denied.
(B) Jordan Cove Energy Project, L.P’s, Pacific Connector Gas Pipeline, LP’s, the State of Wyoming’s, and Wyoming Pipeline Authority’s requests for rehearing are denied.
(C) Jordan Cove Energy Project, L.P’s and Pacific Connector Gas Pipeline, LP’s request for stay of the March 11 Order is dismissed as moot.
FERC included the following explanation:
“The March 11 Order stated that without a source of natural gas, proposed here to be delivered by the Pacific Connector Pipeline, it will be impossible for Jordan Cove’s liquefaction facility to function. We affirm the March 11 Order’s finding that without a pipeline connecting it to a source of gas to be liquefied and exported, the proposed Jordan Cove LNG Terminal can provide no benefit to the public to counterbalance any of the impacts which would be associated with its construction.”
FERC’s Order Denying Rehearing may be read here.
The company behind the project, Calgary-based Veresen Inc. (ticker: VSN), commented on the FERC announcement:
“Veresen remains committed to this important energy infrastructure project,” said Don Althoff, President and CEO of Veresen. “We are very disappointed by FERC’s decision, especially in light of the significant progress that has been made in demonstrating market support for the project and the strong showing of public support for the project. We continue to firmly believe this project will provide significant economic benefit to Oregon, while ensuring responsible environmental stewardship and stakeholder engagement.”
Veresen said it will review all of its options in light of the FERC denial, including appeal or the submission of a new application with FERC. The company will provide an update on its strategy to advance the Jordan Cove LNG project at an appropriate time in the future.
Source: Jordan Cove LNG
Jordan Cove LNG’s proposed facility is located within the International Port of Coos Bay on the North Spit of lower Coos Bay, on an undeveloped site zoned for industrial development, approximately seven nautical miles from the entrance of the federally controlled and maintained navigation channel. Jordan Cove LNG and the South Dunes Power Plant sit on 400 acres of privately purchased land designated an Enterprise Zone by the State of Oregon. The project would produce 6 MTPA of LNG.
