Canadian firm applies to build 10billion Jordan Cove LNG project in Oregon

CALGARY — The Canadian company whose proposal to build an LNG export terminal in Oregon was derailed by U.S. regulators last year has resubmitted its application for a bigger, more expensive project.Calgary-based Veresen Inc. (TSX:VSN) said Thursday its Jordan Cove project is now estimated to cost about US$10 billion to build, up from US$7.5 billion under its previous proposal, and would have capacity of 7.8 million tonnes per year, up from six million.The project includes a liquefied natural gas terminal in Coos Bay, Ore., and a 370-kilometre pipeline that will bring natural gas originating in the U.S. Rockies and British Columbia from a southern Oregon hub to the terminal.Veresen CEO Don Althoff said the new proposal submitted to the U.S. Federal Energy Regulatory Commission has undergone changes to overcome landowner complaints that led to FERC’s ruling in 2016 that its negative impacts outweighed its public benefits.FERC also found that demand for the project had not been adequately demonstrated.“Our significant efforts to optimize the design to minimize its environmental footprint and accommodate landowner requests, as well as the support of our world-class LNG buyers, should result in the receipt of the positive regulatory decisions required to build Jordan Cove,” Althoff said in a statement.The company said Friday it would not provide further comment.AltaCorp Capital analyst Dirk Lever said the routing changes should make FERC approval more likely.“(The previous application denial) really came down to eminent domain. To build the pipeline, you’re … going on people’s property. So they changed the routing so it goes on less people’s property,” he said.The new Jordan Cove application eliminates a 420-megawatt power plant, makes more than 50 pipeline route adjustments and promises to use trenchless drilling techniques to minimize environmental impacts at water crossings, Veresen said.Lever said a soon-to-close $9.7-billion friendly takeover of Veresen by Calgary-based rival Pembina Pipeline (TSX:PPL) improves chances the LNG project will be built because the resulting company will be much larger with more financial clout.He said Jordan Cove would be the first LNG export facility on the U.S. West Coast, where it will have an advantage over existing facilities on the U.S. Gulf Coast because it is closer to key Asian markets.Veresen said it hopes to make a final investment decision on the project in 2019 and start shipping LNG in 2024 provided that FERC issues a draft environmental impact statement early next year and approves the project by the end of next year.Canada’s LNG export industry has stumbled recently, with the $28-billion Aurora LNG project cancelled earlier this month and the $36-billion Pacific NorthWest LNG project near Port Edward, B.C., shut down in July, both due to poor market prospects for LNG.A small project called Woodfibre LNG is the only Canadian West Coast LNG export project approved by its owners.Follow @HealingSlowly on Twitter. read more

Australia beat New Zealand and earn place at 2017 Asian WCh

australia handballNew Zealand handball The Australia women’s team defeated New Zealand in a two-day qualification series played on October 5 and 6 in Sydney, New South Wales, thereby earning a place at the 2017 Asian Women’s Championship in Korea.The qualification series represents the first step for teams from the Oceania continent on the road to IHF World Championships since the pathway was reassessed ahead of the 24th IHF Men’s Handball World Championship in Qatar in 2015.Australia won both matches played against New Zealand at Blacktown Leisure Centre, Stanhope Gardens, defeating their rivals 26:12 (14:5) in game one on October 5, then 31:9 (15:4) on October 6.Australia will now prepare to attend the 2017 Asian Women’s Championship in February, from where the four top-ranked teams will qualify for the 2017 IHF Women’s World Championship in Germany.Quotes from assistant coach Caleb Gahan:Key factors in Australia’s victory:“The obvious one is experience – we have a lot more handball experience than New Zealand. We have a lot of girls who have a fair bit of international experience, and have been playing together for a long time, which is very helpful.“That leads me to the second point – we played really well together. As a team everything looked quite good, all our movements were good, everything was quite crisp. Not many errors in the second game in particular. Reducing our errors and playing good team defence was probably the key.”On what to learn from the Oceania Qualification Series:“There are a lot of positives we can take from Oceania to keep building on those, to take with us to Korea. At the Asian championship there are going to be a lot of very fast teams, and they play really good, error-free handball.“That’s a big thing for us – just getting together more, and playing more matches together is key. It’s always tough as Australian teams never have many international games, so to have that experience together is going to be good.”On playing for the men’s team at the 2015 Asian Championship and how he expects the first Asian championship experience will be for the women’s team:“There are small differences – the women’s Asian handball is dominated by Korea and Japan, compared to the men which is dominated by Middle Eastern countries, so that’s obviously a bit different. Qatar are playing with those massive shooting backs while my experience with Korea and Japan is that they play a lot of quick handball, spreading the ball a lot, moving the ball very well.”On handball in Oceania:“I think it is definitely coming along. The good thing about the New Zealand women’s team is that they’re all really young, and I think New Zealand have been doing that really well. They won the last Under 21 Oceania Championship, so they’re doing a really good thing with their juniors and maybe that hasn’t quite come through to the senior programme yet, but it does seem that a lot more countries are developing their younger players and doing a better job at that.”Head coach: Tomasz SzklarskiSocial media:Facebook: ← Previous Story 2016 Australian Open Club Championships in Geelong read more