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Oregon LNG Backer Calls It Quits


Backers of a liquefied natural gas project at the northwestern corner of Oregon are calling it quits.

Warrenton Mayor Mark Kujala says the development company Leucadia  National Corporation of New York is no longer willing to bankroll the Oregon LNG project.

He says a company representative authorized him to spread the word that the project is going away after a difficult 10-year permitting process.

Project manager Peter Hansen was not immediately available to comment.

Oregon LNG had proposed a terminal and pipeline at the mouth of the Columbia River that would liquefy and export natural gas to Asia.

Another LNG proposal on the Columbia collapsed in 2010.

Federal regulators recently denied a permit to a third project in Coos Bay. Jordan Cove LNG is currently appealing that decision.