An announcement was filed by Oregon LNG with the Federal Energy Regulatory Commission (FERC). The company seeks approval that is necessary to its site. The said approval is also vital to construct and operate bi-directional liquefied natural gas (LNG) terminal. The project also includes construction of natural gas pipeline that will bolster and connect other existing pipelines. It would also enable the company to global shipment of natural gas produced in Canada. Oregon LNG will also facilitate delivering supplies of natural gas to isolated coastal communities.
If construction pursues, the privately funded project will be the largest development in Oregon's history. A direct spending of US$6.3 billion is anticipated to result from the project once construction takes place. It will also provide more jobs and higher tax revenues for the state.
Last Friday, the application identifies a new route for the affiliated pipeline for Oregon LNG, owned by Oregon Pipeline LLC. The modification stated in the application is signals a reduction of environmental hazards and lower impacts to private land owners.
The final investment decision for the project is for board approval by Leucadia National Corporation.
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