LNG 0.00% 4.3¢ liquefied natural gas limited

Appears Jordan Cove has been sloppy as these comments attest:...

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    Appears Jordan Cove has been sloppy as these comments attest:

    Today, FERC issued an order denying Jordan Cove Energy Project’s application to construct an LNG export terminal at Coos Bay, Ore. and Pacific Connector Gas Pipeline’s application to construct an interconnected pipeline.  Regarding the interconnected pipeline, FERC found that “Pacific Connector has presented little or no evidence of need” for the pipeline, stating that “Pacific Connector has neither entered into any precedent agreements for its project, nor conducted an open season, which might (or might not) have resulted in ‘expressions of interest’ the company could have claimed as indicia of demand.”  Regarding the LNG export terminal, FERC found that “without a source of natural gas, proposed here to be delivered by the Pacific Connector Pipeline, it will be impossible for Jordan Cove’s liquefaction facility to function” and, therefore, “the proposed Jordan Cove LNG Terminal can provide no benefit to the public to counterbalance any of the impacts which would be associated with its construction.”

    MLNG is in a very different place, with Meridian BTA already signed (and likely to be increased) and pipeline infrastructure running through the property. MLNG have also been thorough in their consultation process to ensure community support.

    As for upcoming. FERC meeting, agree Roper I'm wondering whether the protocol really requires such an important decision to be included and from plenty of reading over the weekend, I'm unconvinced.

    As for comments on an earlier thread entitled FERC, I'm also unconvinced Magnolia have fallen short in producing a Mitigation Plan for Essential Fish Habitat. I'd remind folks Clarksons Platou research report suggested FERC language is very similar to check Cameron LNG (not Trunkline) and it is this I will base further comments on.
    Last edited by Timbogold: 14/03/16
 
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