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 November 15, 2019 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.”
In light of recent fundamentals in the global LNG market, and the outlook for increasing demand for LNG for many years to come, particularly in the Pacific Basin, Jordan Cove is geographically well position to access abundant supply from both the US Rockies and Western Canadian Supply basin and deliver cargos via the shortest shipping distance of any North American export terminal.
Although the project has been impacted by certain state and local opposition and permitting delays, we remain 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