Wednesday, January 11, 2012

Another LNG Import Project Bites the Dust

For the past decade, the owners of the proposed Crown Landing LNG project bitterly fought opponents to the project for the right to build an LNG import facility on the banks of Delaware River in New Jersey.  One case ended up in the Supreme Court.  But after all that work and all that fighting, it was low natural gas prices and abundant domestic gas supplies that finally killed the Crown Landing project.

The project was initiated by BP in 2002 and was purchased by Hess in 2009.  No word yet if Hess is looking at an export facility for the location, much like Dominion's Cove Point facility in Maryland (the difference being that Cove Point already is a functioning import terminal).  Given the level of opposition, it seems unlikely, but it sure is close to the Marcellus Shale...

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