DOE approves Oregon LNG facility
July 31, 2014 5:30 PMThe U.S. Department of Energy granted conditional approval to a liquefied natural gas export facility that will ship 1.25 billion cubic feet per of natural gas per day from the Oregon LNG Terminal in Warrenton, Oregon.
The $6 billion project, owned by energy-related holding company Leucadia, is planned for the mouth of the Columbia River near the Pacific Ocean.
The project still needs environmental and final regulatory approval, but this is the first major regulatory hurdle for the project. If all goes as planned, construction is expected to begin next year and finish in 2019.
The Department of Energy requires approval for any natural gas exporting project that will send the fuel to countries that are not part of free trade agreements.
Michael Sanserino: msanserino@post-gazette.com and 412-263-1969. Twitter: @msanserino.
First Published July 31, 2014 12:00 AM