LNG Import Facility Loses Approval Amid Fracking Boom

Law360, Houston (February 22, 2013, 8:30 PM EST) -- Federal energy regulators on Thursday rescinded their authorization of a planned liquefied natural gas import facility on the coast of Texas, after the project’s backers said they were abandoning the project amid the domestic gas boom driven by hydraulic fracturing.

At the request of Calhoun LNG, a joint venture of private equity fund Haddington Ventures LLC and Gulf Coast LNG LLC, the Federal Energy Regulatory Commission withdrew the company’s 2007 authorization to build the facility in Port Lavaca, Texas, and a 27-mile pipeline that would connect...
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