Veresen Receives Final Environmental Impact Statement for Jordan Cove LNG and Pacific Connector Pipeline

Veresen Inc. (TSX:VSN) announced that the US Federal Energy Regulatory Commission issued a final environmental impact statement for its 100-percent owned Jordan Cove LNG project and Pacific Connector gas pipeline.
As quoted in the press release:

Jordan Cove LNG and Pacific Connector formally filed applications with the FERC for approval to construct a liquefied natural gas (“LNG”) export terminal at Coos Bay, Oregon and a 232-mile natural gas pipeline from Malin, Oregon to the LNG terminal in May and June 2013, respectively.
FERC’s Notice of Schedule, issued in June 2015, provides for the issuance of a final order and certificates for Jordan Cove LNG and Pacific Connector on or before December 29, 2015. Veresen expects to obtain a FERC “Notice to Proceed” in mid-2016, leading to a final investment decision thereafter.
Jordan Cove LNG will be among the largest commercial ventures in Oregon’s history, and will foster regional prosperity through job creation, community investment and other local benefits.

Don Althoff, president and CEO of Veresen, commented:

The final EIS is a significant regulatory milestone for Veresen. We have worked closely with federal, state and local regulatory agencies and with local communities over the past three years, and I’m extremely proud of all the effort and due diligence undertaken to ensure that the terminal and pipeline are designed to meet or exceed all of the required environmental standards.

Click here to read the full Veresen Inc. (TSX:VSN) press release.