Development of the Jordan Cove liquefied natural gas terminal is on hold, project officials told a court last week.
Companies planning the export terminal and the 229-mile pipeline to it have been quiet about the future of the project in light of recent procedural challenges, but said in a court document on Thursday that development was on hold. .
âJordan Cove (Energy Project, LP) and Pacific Connector (Gas Pipeline, LP,) … have decided to suspend development of the Jordan Cove liquefied natural gas project … while they assess the impact of recent regulatory decisions involving denial of permits or authorizations necessary for the advancement of the project, âthe company’s lawyers wrote in the document, first reported by Reuters.
The comment came as lawyers for the project requested a stay of a case in the United States Court of Appeals for the DC Circuit. In that case, a group of affected landowners asked the court to review a key green light decision from the Federal Energy Regulatory Commission.
Thursday’s filing comes after several technical struggles for the project, including federal regulators upholding state decisions on clean water and coastal management permits.
Pembina, the project’s Canadian parent company, had not responded to multiple requests for comment from The World in recent months, but hinted at the delays in an annual financial report, informing shareholders of the Coos Bay project and d ‘others planned by the company. faces challenges.
âWe believe the time for these projects may come; however, unfortunately we can no longer predict with certainty when that moment will beâ¦ âthe company wrote in a document filed with the Securities Exchange Commission in February.
This report added that the company still supported the idea of ââthe project and the economic development it could bring.
“The company continues to believe in the strategic rationale of Jordan Cove, which would be the first LNG facility on the west coast of the United States with privileged access to Asian markets,” Pembina wrote in the SEC document. .
The company did not specify in last week’s court file how long the development hiatus could last, but said it will not conduct any construction activity or file conviction actions for the pipeline during of this period.
Local regulators have seen some permit applications for the project this year, with Coos County confirming in March the extension of a planning permit for the proposed pipeline route despite an appeal from a citizens’ group.
Pembina confirmed the development hiatus in a statement Monday.
“Pembina has decided to put development on Jordan Cove LNG on hold while we reassess the impact of recent regulatory decisions,” the company wrote in an email.
âWhile we continue to believe in the strategic logic of Jordan Cove, in light of the current regulatory and political uncertainty, our decision reflects our unwavering commitment to our financial safeguards, our disciplined and prudent approach to the allocation of capital and our commitment to fully mitigate risk. on this project. We are grateful for the incredible support from community members in Southern Oregon and the Rocky Basin. “
This article was updated Monday evening with a comment from a spokesperson for Pembina.