Citing new deals, Jordan Cove presses for rehearing

摘要

Developers of the Jordan Cove Energy Projectrnand the pipeline to feed the LNG export facilityrnasked FERC on April 11 to rethink the rejectionrnof the $7.5 billion project. They shored up thernrequest by putting forward precedentrnagreements for the pipeline and preliminaryrndeals on offtake of the LNG.rnFERC on March 11 rejected Jordan Covernand the related Pacific Connector GasrnPipeline, citing a lack of demonstrated marketrnsupport and the potential that the harm tornproperty owners from the use of eminentrndomain could outweigh project benefits. Key to that reasoning was the lack of precedentrnagreements for the pipeline or an openrnseason for pipeline capacity.