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.
