LNG

Veresen Inc., the Canadian energy company currently being acquired by Calgary-based Pembina Pipeline in an agreed US$7.5 billion takeover, has formally re-applied to develop a US LNG export plant across the border in the US state of Oregon.

Canadian energy Veresen Inc., developer of the Jordan Cove LNG export project in the northwest US state of Oregon, has had its agreed US$4.3-billion takeover by Pembina Pipeline Corp. ratified at a meeting of shareholders in the city of Calgary.

The Jordan Cove liquefied natural gas export venture and its affiliated 230-mile Pacific Connector transmission pipeline in the northwest state of Oregon are viewed as long-term projects for Calgary-based Veresen Inc., with first LNG cargoes unlikely before 2024.