Pembina can no longer predict start date for Oregon Jordan Cove LNG

Canadian energy company Pembina Pipeline Corp said it could no longer specify a future start date for the proposed Jordan Cove liquefied natural gas (LNG) export plant in Oregon. Pembina said late Thursday in its fourth-quarter earnings report that it recognized a C$1.6 billion impairment in the value of certain assets, including a petrochemical project, investments in the Wyoming-to-Oregon Ruby gas pipe and Jordan Cove. The US$8 billion Jordan Cove is one of several major energy projects that received strong support from former U.S. President Donald Trump but have since failed to move forward.

Source:: Yahoo News – Sports