WARRENTON — Oregon LNG confirmed Monday that a $6 billion terminal and pipeline project on the Skipanon Peninsula was scrapped because Leucadia National Corp., the New York-based holding company that financed the project, decided to cease funding.
“Oregon LNG thanks all those in the project area who supported its 12-year effort to bring good jobs and tax revenues to Warrenton and Clatsop County by building a liquefied natural gas terminal and associated pipeline,” the company said in a statement posted on its website.
“Oregon LNG will have no further comment.”
Company representatives had told Warrenton city officials Friday that funding was the reason behind the decision to end operations, but the company did not publicly make a formal announcement until Monday.
Dick Hellberg, a former Warrenton city commissioner who favored the project, is sorry to see the company go.
“I don’t know how many millions of dollars that Leucadia put into that project, but that was insanity in itself, to have to put that much money out to go through a dead-end procedure,” he said. “Very disappointed in the whole thing.”
“Anyway, it is what it is, and I had nothing to gain and, really, nothing to lose — other than, sorry to see the economy of the area go down,” he added.
Brett VandenHeuvel, the executive director of Columbia Riverkeeper, the Hood River-based environmental group that fought the project, said liquefied natural gas is “the wrong direction and locks us into dirty fuels.
“The world is moving more rapidly towards clean energy. The United States and Asia and many other countries are rapidly developing clean energy, and we can’t lock ourselves into these giant terminals that are not moving (us) forward towards clean energy.”