Impact: Positive. ITOCHU joins JERA Co., Inc., which signed a customer agreement with Veresen on March 22, 2016, as Veresen's second major customer for the sale of liquefaction capacity at the Jordan Cove LNG terminal that was recently denied approval by the FERC due to a lack of committed customers. The two agreements account for 3 mmtpa, or ~50% of the 6 mmtpa of liquefaction capacity proposed for the terminal. This second agreement signals further market support for the project and Veresen re ....
08 Apr 2016
VERESEN INC. (VSN) AND ITOCHU AGREE KEY TERMS FOR JORDAN COVE LIQUEFACTION CAPACITY
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
VERESEN INC. (VSN) AND ITOCHU AGREE KEY TERMS FOR JORDAN COVE LIQUEFACTION CAPACITY
Veresen (VSN:TSE) | 0 0 0.0% | Mkt Cap: 5,806m
- Published:
08 Apr 2016 -
Author:
Steven I. Paget -
Pages:
2
Impact: Positive. ITOCHU joins JERA Co., Inc., which signed a customer agreement with Veresen on March 22, 2016, as Veresen's second major customer for the sale of liquefaction capacity at the Jordan Cove LNG terminal that was recently denied approval by the FERC due to a lack of committed customers. The two agreements account for 3 mmtpa, or ~50% of the 6 mmtpa of liquefaction capacity proposed for the terminal. This second agreement signals further market support for the project and Veresen re ....