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Press Release |
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FOR IMMEDIATE RELEASE |
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October 28, 2008
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or Ted O'Meara - 207-791-1461
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Downeast Pipeline, LLC Plans “Open Season” for Proposed Pipeline |
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ROBBINSTON, Maine -- Downeast Pipeline, LLC, an affiliate of Downeast LNG, submitted a letter to the Federal Energy Regulatory Commission (FERC) yesterday informing the agency of its intent to conduct an "open season" to gather information that will be used to assess market interest and allocate capacity in the project’s sendout pipeline.
Conducting an open season is a standard element in the development of interstate natural gas pipelines subject to FERC jurisdiction. It allows companies to express an interest in using some of the capacity of a pipeline such as the one proposed by Downeast LNG to connect its LNG import terminal with the existing Maritimes & Northeast Pipeline, and ensures that such capacity is allocated on a non-discriminatory basis.
According to company president Dean Girdis, Downeast's open season will commence on November 3, 2008 and last for 30 days. Downeast then will report the results to FERC.
"We are pleased that Downeast LNG project remains under active consideration by FERC," said Girdis. "The open season is simply one more step on the road to project approval."
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Downeast LNG | P.O. Box 147 | Robbinston, ME 04671 | info@downeastlng.com | (207) 454-3925
Copyright 2008-2010 © Downeast LNG. All Rights Reserved. |
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