To meet the growing demand for natural gas in the northwestern United States, the Jordan Cove Energy Project L.P. is proposing to build a new state-of-the-art liquefied natural gas (LNG) import terminal that will be located in the International Port of Coos Bay in Coos County, Oregon. The Jordan Cove Energy Project is jointly owned by Fort Chicago Energy Partners, L.P. and Energy Projects Development, LLC.
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When built, the facility will be capable of receiving LNG supplies from specially-designed marine vessels, storing the natural gas in liquid form at a temperature of minus 260 degree F, and re-delivering via its associated pipeline, the Pacific Connector Gas Pipeline, to other interconnecting pipelines to natural gas consumers in the Pacific Northwest and adjacent markets. Significant economic benefits will result from the construction of this $1.2 billion facility, including substantial increases in property tax revenues, the addition of up to 120 direct and contracted permanent jobs, and investment in local energy and maritime infrastructure to support the operation of the Project and other potential new industry.
The Jordan Cove Energy Project is undergoing a rigorous regulatory review process to ensure that the facility is designed and operated to meet stringent safety and security standards. Some of the many agencies involved in this review include the Federal Energy Regulatory Commission (FERC), the United States Coast Guard, the United States Army Corps of Engineers, the Oregon Department of Energy, the Oregon Department of Land Conservation and Development, and many other local , State and Federal agencies. The Project began the Federal review process on May 1, 2006 and received its Final Environmental Impact Statement (FEIS) on May 1, 2009. Final FERC Authorization for the Project was received on December 17, 2009.