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Jordan Cove News

22 Jul 2021

Environmental Concerns: Quebec Rejects Port of Saguenay LNG Export Project

File Image: Énergie Saguenay

The Canadian province of Quebec on Wednesday rejected a liquefied natural gas export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.Quebec Environment Minister Benoit Charette said the proposed Énergie Saguenay project will not come to pass due to concerns over its emissions and would not support a transition to cleaner energy sources."This project has more disadvantages than advantages," Charette told reporters.The C$9 billion ($7.2 billion) project by privately held GNL Quebec had plans to export 11 million tonnes of LNG

06 Jul 2020

US Approves LNG Exports from Oregon

© vladsv / Adobe Stock

The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.The approval advances efforts by President Donald Trump's administration to increase U.S. fossil fuel shipments around the globe at a time big projects are increasingly under strain from environmental protests and lawsuits.“Today’s export authorization for Jordan Cove, the first U.S West Coast LNG project, will ease access to further position the U.S.

14 Feb 2018

Asia's Soaring Gas Demand Beckons New LNG Projects

Global LNG imports rose by 20 percent in 2017; new demand emerges across South, Southeast Asia. Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang. Trade flows in Eikon show global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic metres (bcm) a month. Growth accelerated in 2017, with imports up by a fifth, largely due to China, but also South Korea and Japan. Asia's LNG market has been glutted since 2015, following massive development that began in the early 2000s.

11 Apr 2016

Veresen, Itochu in Jordan Cove LNG deal

Veresen, the developer of the Jordan Cove LNG facility in Oregon, has announced a preliminary agreement on key commercial terms with Itochu, including the purchase of 1.5 million mt/year of LNG (190 MMcf/d or 70.1 Bcf of gas) for an initial term of 20 years. Veresen recently signed another commercial agreement with JERA Co. in March. "This is the second major customer agreement for the Jordan Cove LNG project and it represents further proof of the market support for this project. ITOCHU is a leading global energy company and we are pleased to have them as an additional foundation customer for the Jordan Cove LNG project,” said Don Althoff, President and CEO of Veresen.

25 Mar 2014

Jordan Cove Approved for LNG Export

The U.S. Energy Department announced that it has conditionally authorized Jordan Cove Energy Project, L.P. (Jordan Cove) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States, from the Jordan Cove LNG Terminal in Coos Bay, Oregon. The Jordan Cove application was next in the order of precedence after the Energy Department conditionally authorized the proposed Cameron LNG facility. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to the equivalent of 0.8 billion standard cubic feet per day (Bcf/d) of natural gas, for a period of 20 years. The development of U.S.

07 Jul 2008

Coos Bay – Jordan Cove LNG Project Update

The US Coast Guard completed its Waterway Suitability Report for the proposed Jordan Cove liquefied natural gas (LNG) import facility to be located in Coos Bay, Oregon.  The Report finds that additional measures will be necessary to responsibly manage the navigation, safety, and security risks associated with this project.  The Report has been forwarded to the Federal Energy Regulatory Commission (FERC) for its consideration as part of the facility licensing process.  Note: An earlier edition of this newsletter erroneously located this project on the Columbia River.  Several of my long-suffering readers gently brought the geographic error to my attention.  A thousand pardons. (HK Law)