Veresen files for Jordan Cove LNG application rehearing

Veresen files for Jordan Cove LNG application rehearing

Calgary-based Veresen on Monday said that both its units, Jordan Cove Energy Project and Pacific Connector Gas Pipeline filed a request for rehearing of the Federal Energy Regulatory Commission’s decision to deny the two applications. 

Earlier in March, FERC denied Jordan Cove Energy’s application to build and operate the Jordan Cove LNG terminal as it would not have access to a pipeline, due to the commission’s decision to deny Pacific Connector Gas Pipeline its application on the basis that it had not held an open season to market the pipeline capacity.

Additionally, prior to FERC’s decision, no deals had been concluded with possible customers for Jordan Cove LNG’s liquefaction capacity.

In its statement, Veresen noted that together with Pacific Connector it has entered into several agreements that demonstrate significant commercial support for the projects.

It has agreed preliminary deals for at least 3 mtpa of natural gas liquefaction capacity, which represents 50 percent of the facility’s design capacity, with Jera and Itochu.

In addition to the tolling agreements Pacific Connector recently executed natural gas transportation service precedent agreements with Macquarie Energy, Avista Corporation and JCEP, which in aggregate represent in excess of 75% of the rated capacity of the pipeline, Veresen said.

Jordan Cove Energy Project and Pacific Connector both request FERC to consider the deals signed for the Jordan Cove LNG terminal and Pacific Connector pipeline.

FERC has to grant or deny the request for rehearing within the next 30 days, Veresen said.

LNG World News Staff

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