Veresen’s views on FERC denial
Published by Stephanie Roker,
Editor
World Pipelines,
Veresen Inc. (Veresen) has received an order from the Federal Energy Regulatory Commission (FERC) denying the applications of Jordan Cove LNG and Pacific Connector Gas Pipeline (Pacific Connector) seeking authorisation for the construction and operation of a liquefied natural gas (LNG) export terminal and natural gas pipeline. Specifically, the FERC stated that the public benefits of Pacific Connector do not outweigh the potential for adverse impacts on landowners and communities.
"Clearly, we are extremely surprised and disappointed by the FERC decision," said Don Althoff, President and CEO of Veresen. "The FERC appears to be concerned that we have not yet demonstrated sufficient commercial support for the projects. We will continue to advance negotiations with customers to address this concern."
Jordan Cove LNG and Pacific Connector will file a request for a rehearing of the decision.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/14032016/veresens-views-on-ferc-denial/
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