May 22, 2013

Veresen Inc. announced that Jordan Cove Energy Project L.P. has filed an application with the United States Federal Energy Regulatory Commission (FERC) to construct and operate a liquefied natural gas export facility on the west coast of the United States within the international Port of Coos Bay, Oregon.

Filing of the FERC application follows more than a year of engineering and design activities, public consultation, and working closely with the FERC to ensure a completed application. Receiving a certificate to allow the construction and operation of the Jordan Cove LNG facility is expected to take approximately one year from the date of filing.

“I am very encouraged by the progress we have made on Jordan Cove over the last several months,” said Don Althoff, President and Chief Executive Officer. “Our advanced regulatory position and recent acquisition of all required project development lands has us well-positioned to enter into a commercial off-take arrangement. We continue to evaluate all opportunities with potential capacity holders.”

The proposed Jordan Cove project, which has an initial liquefaction design capacity of 6 million tons per annum, or approximately 1 billion cubic feet per day, would meet growing demand for LNG by providing direct access to natural gas reserves in Western Canada and the U.S. Rockies primarily through existing pipeline and gas gathering networks. Jordan Cove’s location provides a low cost shipping benefit for exporting LNG to energy consuming markets throughout Asia, South America, Hawaii and Alaska.

An application by Pacific Connector Gas Pipeline, L.P. to construct a 234-mile, 36-inch diameter pipeline will be submitted to FERC in the following weeks. The Pacific Connector Gas Pipeline will extend from the liquid trading hub of Malin, Oregon to the Jordan Cove terminal and the South Dunes Power Plant facilities (South Dunes). The South Dunes power facility, wholly-owned by Veresen, is a proposed natural gas fueled, combined-cycle power plant with a base-load capacity of 420 MW. Dedicated to the operation of Jordan Cove, and sited adjacent to the LNG facility, South Dunes is being permitted with the Oregon Energy Facility Siting Council.

Jordan Cove Energy Project L.P. is a subsidiary of Veresen Inc., and Pacific Connector Gas Pipeline, L.P. is a limited partnership owned equally by Veresen and a subsidiary of The Williams Companies, Inc.

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LNG World News Staff, May 22, 2013; Image: Jordan Cove Energy