FERC Kills Jordan Cove LNG Project After Export Switch

Law360, New York (April 17, 2012, 6:47 PM EDT) -- The Federal Energy Regulatory Commission on Tuesday revoked its approval of the Jordan Cove liquefied natural gas project in Oregon, ruling that Jordan Cove's attempt to use the terminal for exporting, instead of importing, exceeded the scope of FERC's original authorization.

The decision comes after a challenge by the state of Oregon and more than a dozen environmental groups asking the commission to reconsider and vacate its authorization for the project based on environmental concerns. In Tuesday's order, FERC granted the request to pull its authorization,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.