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May 24, 2013

Application filed for $7B Coos Bay gas terminal

PORTLAND (AP) — Developers proposing a $7 billion plant to export natural gas from the Rockies and Canada to Asia filed a formal application this week with federal regulators.

The plant at the Coos Bay port in Oregon would chill gas for shipment as a liquid. It faces hurdles, including getting a federal permit to ship to countries such as Japan and South Korea that don't have free trade agreements with the U.S., and skepticism from U.S. Sen. Ron Wyden, D-Oregon, the Senate Energy Committee chairman who says exports could drive up domestic energy prices.


 
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