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Veresen Inc. Message Board

  • e7navy1999 e7navy1999 Sep 19, 2013 5:27 PM Flag

    Status of LNG export permits

    Cove Point owned by Dominion was recently approved Sept 11th. Next is Freeport phase II owned by Conoco/Dow and Osaka Gas, Next is Cameron Luisiana owned by Sempra, Next is Jordan Cove owned solely by Veresen. Oregon will be maybe the toughest due to environmentalist but if approved is 6000 miles closer to Asia customers and will use cheaper Canada gas. (who knows for certain after import export fees are attached if it will still be cheaper). I own Veresen and Sempra as well as Conoco and in/out of LNG swing trades. Lest cross our fingers. keep in mind that Jordan was already approved as an LNG import site. The site is preexisting... It is just reversing to export and than all the infrastructure and regulations. veresen does not have the cash to build. Lots of hurdles. Approval is the first hump

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