LNG / CNG | General
Veresen Hits Commercial Milestone for Jordan Cove LNG Facility
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Veresen Inc. has reported an update of commercial activity related to the Company's proposed Jordan Cove liquefied natural gas (LNG) export facility located in Coos Bay, Oregon , and for the Pacific Connector Gas Pipeline (Pacific Connector), which will transport natural gas supplies to the Jordan Cove LNG terminal.
In what is expected to be a series of commercial transactions resulting from discussions with several prospective customers, Veresen is pleased to advise that its project level subsidiaries have executed initial customer expressions of interest by entering into non-binding arrangements, referred to as "Heads of Agreement" (HOA). The HOA sets out indicative commercial terms of the subsequent, binding, Liquefaction Tolling Services Agreement (LTSA) and Pipeline Service Agreement…
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