Pembina Pipeline acquires Jordan Cove LNG in Veresen deal: Q2 2017 North America LNG projects update

Pembina Pipeline will gain control of Jordan Cove LNG through its CAD$9.7 billion (US$7.1 billion) acquisition of Veresen. Jordan Cove LNG and the proposed 232-mile Pacific Connector pipeline will cost upwards of US$8 billion to develop, the scale of which posed risks for a company of Veresen's size. The enlarged company will be better positioned to pursue its development. Along with its recent marketing progress, as well as restarting its regulatory review, the deal gives the project added momentum. Other pre-FID projects in focus this update include: Golden Pass received non-FTA authorisation for up to 15.6 mmtpa  Developer of Rio Grande LNG, Next Decade, announced a reverse merger with NASDAQ-listed Harmony Merger  Delfin FLNG was authorised to construct the proposed deepwater port, offshore Lousiana Texas LNG awarded a pre-FID engineering and post-FID EPC services contract for its two-train 4 mmtpa project Driftwood LNG is marketing fixed price LNG at $8.00/mmbtu