LNG / CNG | LNG Projects | Project Delay
Low Gas Price is Good for LNG
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Veresen originally expected FERC approval possibly a year earlier than is currently scheduled on its Jordan Cove LNG project. The company expects that the low oil price environment will benefit the operations at the plant, as it has received permission for export from the United States.
Based on the new FERC schedule, which provides for a final FERC certificate for the projects on or before December 29, 2015, and the status of the projects' other State of Oregon permits, Veresen expects to obtain a FERC "Notice to Proceed" in mid-2016, leading to a final investment decision thereafter. Similarly, on the commercial front, Veresen expects that negotiations currently underway with potential customers will extend through to the end of 2015 and possibly into early 2016.
Don Althoff said: "Vere…
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