Veresen: Jordan Cove LNG files formal application with FERC
Calgary-based Veresen’s Jordan Cove LNG filed an application with the U.S. Federal Energy Regulatory Commission for the construction and operation of the export terminal in Coos Bay, Oregon.
Jordan Cove Energy Project also filed an application with FERC for the construction of the related Pacific Connector gas pipeline that will transport natural gas from the Malin Hub in southern Oregon to the LNG export terminal.
“Completing the pre-filing phase and submitting the formal applications to FERC is a major milestone for the projects,” said Don Althoff, president and CEO of Veresen.
Althoff expects that the design optimisation, as well as LNG buyers support, should result in the receipt of the positive regulatory decisions required to build the 7.8 Jordan Cove LNG project.
The application includes the elimination of a 420 MW power plant, reflects more than 50 route adjustments of Pacific Connector and the optimization of multiple water crossings to minimize environmental impacts via trenchless drilling techniques.
The total engineering, procurement and construction cost of both the LNG export terminal and Pacific Connector is approximately US$10 billion, FERC said.
Jordan Cove and Pacific Connector are requesting that FERC issue a draft environmental impact statement in 2018, leading to FERC decisions by the end of 2018, positioning the project for a potential final investment decision in 2019 and an in-service date in 2024.