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  • Veresen Announces Jordan Cove LNG and Pacific Connector Gas Pipeline Receive Final Environmental Impact Statement
    édité le 02/10/2015 - Plus de news de "Pembina" - Voir la fiche entreprise de "Pembina"


Veresen Announces Jordan Cove LNG and Pacific Connector Gas Pipeline Receive Final Environmental Impact Statement
Veresen Inc. announced that the Federal Energy Regulatory Commission ("FERC") in the United States has issued a final Environmental Impact Statement ("EIS") for Jordan Cove LNG and Pacific Connector Gas Pipeline ("Pacific Connector"). 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.

"The final EIS is a significant regulatory milestone for Veresen," said Don Althoff, President and CEO of 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."

"Receipt of our final EIS demonstrates our strong progress on the permitting front and paves the way for Jordan Cove LNG to be the first LNG export facility to be built on the west coast," added Elizabeth Spomer, President and CEO of Jordan Cove LNG. "This regulatory milestone will be viewed as great news by our target customers."

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.

Jordan Cove LNG is a wholly-owned subsidiary of Veresen. Pacific Connector Gas Pipeline is owned equally by a subsidiary of Veresen and a subsidiary of The Williams Companies, Inc.

About Veresen Inc.

Veresen (TSX:VSN) is a publicly-traded dividend paying corporation based in Calgary, Alberta that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System; a midstream business which includes a partnership interest in Veresen Midstream Limited Partnership which owns assets in western Canada, an ownership interest in Aux Sable, a world-class natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure; and a power business comprised of a portfolio of assets in Canada. Veresen is also developing Jordan Cove LNG, a six million tonne per annum natural gas liquefaction facility proposed to be constructed in Coos Bay, Oregon, and the associated Pacific Connector Gas Pipeline. In the normal course of business, Veresen regularly evaluates and pursues acquisition and development opportunities.

Veresen's Common Shares, Cumulative Redeemable Preferred Shares, Series A, Cumulative Redeemable Preferred Shares, Series C and Cumulative Redeemable Preferred Shares, Series E trade on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A", "VSN.PR.C" and "VSN.PR.E", respectively.


Origine : Communiqué Pembina

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