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Final Permitting Process For Jordan Cove
Jordan Cove Energy officials are in the final permitting process for locating a Liquified Natural Gas export facility on Coos Bay’s North Spit. They say the final permit application will be submitted in the next two weeks. Bob Braddock says it could take a year to win final approval of the permit, then construction would begin on the project January 1st 2015.
Updating local business leaders, Braddock said 170 million dollars has already been invested in property acquisition and permitting. The final phase of permitting is expected to run around $55 million. The total project cost will be $7.5 billion. Braddock says he expects to have 5 customer agreements in place before construction begins. So far, potential agreements have come from customers in India and Indonesia. At the peak of construction, the company will have as many as 2100 workers. When completed, Braddock expects 90 vessel calls per year….about one ship every 3 and a half days.