Veresen, Itochu in Jordan Cove LNG deal

Veresen, Itochu in Jordan Cove LNG deal

Calgary-based Veresen on Friday informed it has reached an agreement on key commercial terms with Itochu Corporation for long-term liquefaction capacity at Jordan Cove LNG terminal in Port of Coos Bay in Oregon, USA.

Under the preliminary agreement, Itochu Corporation of Japan would buy 1.5 mtpa of natural gas liquefaction capacity at the Jordan Cove LNG terminal for a period of 20 years, Veresen revealed in a statement.

Both companies will continue working on a definitive tolling agreement Veresen said.

With the preliminary agreement recently reached with Japan’s Jera, Veresen concluded preliminary deals for 3 mtpa of Jordan Cove LNG terminal’s liquefaction capacity.

Negotiations for the remaining capacity at the terminal, that has recently been denied its application by FERC due to the lack of such agreements, continue.

Veresen said it will file for rehearing of FERC’s decision on the proposed Jordan Cove LNG terminal.

The project is expected to have an initial design liquefaction capacity of approximately 6.0 million tonnes per annum, or approximately 1 billion cubic feet of natural gas per day.

LNG World News Staff

Share this article

Follow LNG World News


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >