Port of Coos Bay Approves Land Purchase Deal with Jordan Cove LNG
Posted on Nov 23, 2009 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Port of Coos Bay Approves Land Purchase Deal with Jordan Cove LNG
The Oregon International Port of Coos Bay completed a land purchase agreement with Jordan Cove LNG and Weyerhaeuser Co. The World reports that under the terms of the contractual arrangement, Weyerhaeuser would sell 1,300 acres of land to the Port, which would then transfer 147 acres to Jordan Cove. The Port would retain the remaining portion of the land, using some of it to build a slip dock that will be leased by Jordan Cove. The deal is valued at $25 million.