Jordan Cove Refiles with FERC, Sept. 25

Canadian based Veresen has refilled an application with the Federal Energy Regulatory Commission (FERC) to build and operate a liquefied natural gas (LNG) export terminal on Coos Bay’s North Spit.  According to reports, Veresen is seeking a permit to construct and operate a 7.8-million metric ton/year terminal and the related 232-mile long pipeline (Pacific Connector) from Malin, in South Central Oregon, to the Oregon Coast.  FERC had rejected an earlier application because of a lack of shown need.  Since then, Veresen has reportedly secured supply agreements with Japanese conglomerates for the natural gas.  The project has been estimated at a cost of $10 billion, and has been estimated to generate around $60 million in annual property taxes, including $20 million from Pacific Connector in the counties the pipeline would cross.  Veresen has asked FERC to issue a draft environmental impact statement (EIS) in 2018 and make a final decision by the end of 2018.