Veresen Inc., is eyeing projects such as the Jordan Cove Energy Project and Pacific Connector Gas Pipeline. The Company has filed applications with the United States Federal Energy Regulatory Commission (FERC) for the construction and operation of a 7.8 MT per annum liquefied natural gas (LNG) export terminal in Coos Bay, Oregon and the related Pacific Connector that will transport natural gas from the Malin Hub in southern Oregon to the LNG export terminal.
Jordan Cove and Pacific Connector have conducted open houses to present the project to the public. In addition, FERC held a series of public scoping meetings in June to collect further public input. The application includes the elimination of a 420 MW power plant, reflects more than 50 route adjustments of Pacific Connector and the optimization of multiple water crossings to minimize environmental impacts via trenchless drilling techniques.
The total engineering, procurement and construction cost of both the LNG export terminal and Pacific Connector is approximately USD 10B, with approximately 90% of U.S. content. Additionally, the project will generate approximately USD 60M in annual property taxes, including USD 20M from Pacific Connector in the counties through which the pipeline traverses.