Veresen files applications with FERC for Jordan Cove LNG project and Pacific Connector gas pipeline
October 03, 2017 – Energy infrastructure firm Veresen has submitted applications with the US Federal Energy Regulatory Commission (FERC) for two energy projects.
The Calgary-based operator has sought permission for the construction and operation of a 7.8 million tonne per annum LNG export terminal in Coos Bay, Oregon. It also urged FERC to grant permission for the Pacific Connector gas pipeline that will bring natural gas from the Malin Hub in southern Oregon to the LNG export terminal.
Both LNG export terminals and the gas pipeline projects are estimated to incur about $10bn in engineering, procurement and construction (EPC) costs to the company. They are expected to enter operations in 2024.
The project is expected to generate about $60m in annual property taxes, including $20m from Pacific Connector in the counties through which the pipeline crosses.
During the construction phase, the LNG project will create 6,000 jobs and more than 200 new permanent jobs upon commissioning.
Veresen president and CEO Don Althoff said: “Completing the pre-filing phase and submitting the formal applications to FERC is a major milestone for the projects.
“Our significant efforts to optimize the design to minimize its environmental footprint and accommodate landowner requests, as well as the support of our world-class LNG buyers, should result in the receipt of the positive regulatory decisions required to build Jordan Cove.
“We look forward to continuing our work with the local community, Tribal leaders and FERC, as well as other federal and state agencies to advance Jordan Cove.”