Northern Star Natural Gas, the company that's been trying to build a liquified natural gas terminal on the Columbia River in the state's northwestern corner, today gave in to market realities and heavy resistance
The company announced in a statement
it will give up on trying
to build its terminal in Clatsop County, at least for now.
“The extended delays in the processing of state and federal permits for Bradwood Landing and the difficult investment environment have forced us to suspend development,” said NorthernStar Natural Gas President Paul Soanes in the statement. “In particular, the challenging regulatory environment gives investors pause, especially considering that Bradwood Landing would have such a positive impact on the Northwest's economy and environment while supporting the region's transition to renewable energy by providing a new source of reliable and affordable natural gas.”