Pembina Pipeline Corporation, one of Canada’s largest energy infrastructure companies, said it continued to progress the Jordan Cove LNG export project in Coos Bay, Oregon, USA.
Pembina secured 100 percent ownership of the 7.8 million ton per annum LNG export project following the acquisition of Veresen in October.
The company added in its latest report that it has committed a 2018 capital budget of $135 million to progress the project to a final investment decision, pending receipt of the necessary regulatory approvals as well as other requirements.
Jordan Cove officially filed its application with the Federal Energy Regulatory Commission in September 2017 with the company expecting an outcome during the second half of 2018.
The liquefied natural gas export project expects to reach a final investment decision in 2019 and expects to begin service in 2024.