Oregon LNG is a special purpose entity established to develop and operate the project, which was acquired from Calpine Corp. in January of 2007 after Calpine went into Chapter 11 bankruptcy protection.
The proposed plant in Warrenton, Oregon, if completed would increase natural gas supplies to the US Pacific Northwest and West, a statement said.
The facility will be designed with a natural gas send-out capacity of 1 billion cubic feet per day and a peak of up to 1.5 Bcf/d.
It will have marine installations capable of handling the biggest LNG carriers up to 260,000 cubic metres capacity and will feature three 160,000 cubic metres above-ground, full containment LNG storage tanks.
Send-out capacity from the terminal will be via a 117-mile pipeline to the primary Oregon pipeline hub at Molalla. It could come online as early as 2012.
Oregon LNG started development activities in early 2004 with a detailed analysis of all potential sites in the Columbia River region.
The project subsequently leased a 96-acre site from the Port of Astoria and initiated a lengthy local site re-zoning process, the statement explained.
This land-use process involved significant local public input and participation and the project site was re-zoned to specifically allow for the building of an LNG facility.
We believe this site is the optimum location for an LNG terminal on the West Coast, said Peter Hansen, Chief Executive of Oregon LNG.
It is ideal from a safety and security standpoint -- the project site and the tanker transit route are distant from population centers, bridges and other major infrastructure. The site will accommodate the largest LNG tankers and finally, it will provide great market access to the entire Western United States through a combination of new and existing pipeline infrastructure, Hansen added.