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U.S. Rejects Multibillion-Dollar Jordan Cove Gas Export Plan

  • Project's benefits don't `counterbalance' impacts: regulators
  • Veresen first applied for Jordan Cove terminal in May 2013
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U.S. regulators rejected Veresen Inc.’s multibillion-dollar proposal to build a terminal in Oregon that would export as many as two tankers of natural gas a week. They also denied its plan to build a pipeline with Williams Partners LP to supply gas to the terminal.

Williams and Veresen failed to demonstrate that the pipeline’s benefits would outweigh the “adverse effects on landowners,” the Federal Energy Regulatory Commission said Friday in an order denying authorization. And without a pipeline supplying gas, the Jordan Cove export terminal “can provide no benefit to the public to counterbalance” the impacts associated with its construction, the agency said.