Veresen Falls Most Since 2011 After U.S. Nixes Gas Terminal

Updated on
  • U.S. denied application for gas export terminal in Oregon
  • LNG terminal developers already facing market challenges

Pipeline and power plant owner Veresen Inc. fell by the most in more than four years after U.S. regulators denied its application for a $5.3 billion liquefied natural gas export terminal in Oregon and BMO Capital Markets downgraded its stock.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.