The Jordan Cove LNG Project is a greenfield LNG development project that Energy Fundamentals Group Inc. introduced to Veresen in 2005. Jordan Cove Energy L.P., the partnership formed in 2005 to develop the project, has made significant progress advancing the project through the design, engineering, federal, state and local approval processes as well as commercialization. On September 30, 2015, the project achieved an important milestone in its certification process when Federal Energy Regulatory Commission (“FERC”) issued its Final Environmental Impact Statement (FEIS) with respect to both Jordan Cove LNG and Pacific Connector Gas Pipeline. The FERC indicated “… We conclude that construction and operation of the Project would result in some limited adverse environmental impacts. However, most of these impacts would be reduced to less-than-significant levels with the implementation of the applicants’ proposed mitigation measures and the additional measures we recommend in this EIS.”
The FERC is expected to issue its Final Decision in connection with the FEIS December 30, 2015.
Energy Fundamentals Group Inc. remains optimistic that the Jordon Cove LNG Project will receive all of its required regulatory approvals and authorizations and when constructed, will provide an important outlet for domestic natural gas on the West coast to supply LNG markets in the Pacific Basin on a competitive basis.
For more information on the Jordon Cove Energy Project, visit www.jordancoveenergy.com
For more information on the Pacific Connector Gas Pipeline Project, visit www.pacificconnectorgp.com