Oregon LNG Terminal Project Shelved

Image Courtesy: Oregon LNG

Developer of a proposed LNG export terminal facility on the Skipanon Peninsula in Warrenton, Oregon, the Oregon LNG, has dropped the project plans amid lack of funding.

“The Oregon LNG Project today (April 15th) announced it is ceasing operations immediately. The owner of the project, Leucadia National Corporation, has made the decision to cease funding the project,” the company said, without disclosing further details on the decision.

The Oregon LNG project’s design included a marine loading terminal, two full-containment 160,000 cubic meter LNG storage tanks, and facilities to support ship berthing and cargo loading.

The construction on the project was scheduled to start in 2017 with its inauguration date set for 2020. The project was expected to produce up to 9 million metric tones of LNG annually.

The project, worth USD 6 billion, was aiming to export LNG to Asian markets, which have recorded strong demand for LNG with strong prospects for continuation of the trend.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >