NEW YORK (Dow Jones)
The Federal Energy Regulatory Commission authorized a new terminal in Oregon for liquefied natural gas imports and related pipeline project Thursday.
The project known as the Jordan Cove terminal would provide up to 1 billion cubic feet of gas a day to customers in the Pacific Northwest through existing pipelines. The project also includes a 234-mile pipeline that would move gas from the terminal to a point near Malin, Ore., on the state's border with California.
The LNG terminal has been under development by Fort Chicago Energy Partners LP (FCE.UN.T) and Energy Projects Development LLC. The related pipeline, called Pacific Connector, is being developed by units of Williams Cos. (WMB), PG&E Corp. (PCG) and Fort Chicago.
The commission voted 3 to 1 on the Jordan Cove proposal with FERC Chairman Jon Wellinghoff dissenting.
In a related matter, the commission reaffirmed its January order authorizing the Sparrows Point LNG import terminal in Baltimore County, Md., under developed by AES Corp. (AES).
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