Developer Pulls Plug on Maine LNG Terminal

Calais, Maine was the proposed site of the LNG Terminal; photo courtesy Wikimedia Commons.

The Kennebec Journal: Two days before a showdown with state regulators, the company that wanted to build a $1 billion liquefied natural gas terminal in Calais (Maine) is putting the project on hold.

In a letter today to the Maine Board of Environmental Protection, Calais LNG said it was withdrawing its permit applications. It blamed “the meltdown of the financial markets,” for the action.

“It is our firm belief that, but for the extreme turbulence of the capital markets,” Maine would be well on its way toward having an LNG facility in Washington County…” wrote Harold Ian Emery, one of the developers.

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Kennebec Journal

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