A unit of Canadian energy company Pembina Pipeline Corp. on Dec. 1 told U.S. energy regulators that it would not move forward with its proposed Jordan Cove LNG export plant in Oregon.
Pembina paused development of the project in April as the company could not secure state-issued permits and authorizations from various Oregon state agencies.
The $8 billion Jordan Cove is one of several North American LNG projects that have been canceled or delayed over the past year.
Recommended Reading
China’s Stimulus Could Reignite Fuel Demand Long-term
2024-09-25 - In China’s biggest stimulus package since the COVID-19 pandemic, the government is attempting to reverse the country’s recent deflationary trend and boost fuel demand.
What's Affecting Oil Prices This Week? (Oct. 14, 2024)
2024-10-14 - Similar to last week, Stratas Advisors forecast that oil prices will be relatively flat with a downward bias unless there is another military strike of note.
Hotter Temps Drive Japanese Demand for Spot LNG from US
2024-09-11 - Above-average temperatures are forecast for most regions of Japan through early October, compelling the country to seek prompt LNG, potentially from the U.S., to cover extended summer-related electricity demand.
Kissler: Wildcards That Could Impact Oil, Gas Prices in 2025
2024-11-26 - Geopolitics and weather top the list of trends that will determine the direction of oil and gas.
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
2024-09-26 - Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.