Oregon LNG Files FERC Application for Bi-Directional Terminal
Oregon LNG announced today that it filed an application with the Federal Energy Regulatory Commission (FERC) for a new bi-directional liquefied natural gas (LNG) terminal that would facilitate the delivery of natural gas supplies to global trading partners as well as isolated coastal communities, and reap expected annual economic benefits of nearly $60 million in state and local property tax revenues. The press release said the project includes an interstate natural gas pipeline that will “interconnect with and increase the capacity” of existing pipelines, enabling global shipment of Canadian-produced natural gas and supporting a growing conversion towards cleaner burning natural gas for transportation vehicles.
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If approved, the $6.3 billion project will be the largest privately funded development in Oregon’s history and “will create thousands of construction jobs” and “provide a huge boost to the north coast economy,” said Doug Tweedy, CEO for the NW Regional Council of Carpenters. The project is expected to provide nearly 3,000 construction jobs and an estimated 1,550 “direct and indirect or induced permanent jobs,” said Oregon LNG.