The Oregon LNG Project announced it is ceasing operations immediately.

The owner of the project, Leucadia National Corporation (NSYE:LUK), has made the decision to cease funding the project.

Oregon LNG thanks all those in the project area who supported its 12-year effort to bring good jobs and tax revenues to Warrenton and Clatsop County by building a liquefied natural gas (LNG) terminal and associated pipeline.

About Oregon LNG

LNG Development Company, LLC (doing business as Oregon LNG) is a subsidiary of Leucadia National Corporation. Oregon LNG is committed to the safe, efficient, and environmentally responsible importation and exportation of natural gas in the form of LNG.

About Leucadia National Corporation

Leucadia National Corporation (NYSE: LUK) is a diversified holding company engaged through its consolidated subsidiaries in a variety of businesses, including investment banking and capital markets, beef processing, manufacturing, oil and gas exploration and production, energy projects and asset management. The Company also owns equity interests in operating businesses including a commercial mortgage banking and servicing business, automobile dealerships, a real estate development business and a wireless broadband services provider in Italy.