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‘Shocking’ setback for Jordan Cove LNG project as U.S. denies pipeline permit

CALGARY ? In another setback for that Canadian liquefied gas industry, the U.S. Federal Energy Regulatory Commission has denied a credit card applicatoin to build a pipeline to provide gas to some proposed LNG project.

Calgary-based Veresen Inc. has been trying to sign up customers because of its proposed Jordan Cove LNG plant around the coast of Oregon, but confirmed this week the project still had yet to sign its initial off-take agreement.

“We will provide some guidance towards the market as we obtain a little closer and get our first buyer signed up,” Veresen president and CEO Don Althoff said during his company’s earnings call on Thursday.

On Friday, the FERC cited that insufficient customers because the reason behind denying a permit for the Pacific Connector pipeline that will link natural gas supplies to the Jordan Cove project.

FERC commissioners wrote a purchase that said the “authorization for commencement of construction wouldn’t be granted before the Pacific Connector has successfully executed contracts for any certain degree of service.”

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