Next up in the DOE /FE queue is the Jordan Cove LNG terminal to be located on the North Spit of Coos Bay in Coos County, Oregon. Ultimately, the Jordan Cove project is 75 percent owned by Veresen, Inc. (Alberta, Canada) with the remainder owned by Energy Projects Development, a Colorado LLC. Jordan Cove has requested authority to export “up to six million metric tons per annum of LNG, an export volume equivalent to 292 billion cubic feet per year of natural gas. The gas would originate in either the United States or Canada.
Like some other proposed projects, “Jordan Cove plans commercial arrangements in the form of Liquefaction Tolling Agreements (LTAs), under which an individual customer that holds title to natural gas will have the right to deliver that gas to Jordan Cove’s terminal for liquefaction services and to receive LNG in exchange for a processing fee paid to Jordan Cove. The Jordan Cove proposal has been pending at DOE /FE since March 23, 2012.