Tuesday, June 14, 2011

Hess LNG Withdraws Application For Its Proposed Fall River, Weaver's Cove LNG Terminal Project

By Will Richmond
Herald News Staff Reporter
Posted Jun 13, 2011 @ 03:40 PM
Last update Jun 14, 2011 @ 01:01 AM

After years of jumping hurdles presented by citizens and elected officials opposed to the project, the president of Hess LNG announced Monday that the company has withdrawn its application for a liquefied natural gas terminal at Weaver’s Cove.Hess LNG President Gordon Shearer first made the announcement in a three-paragraph press release issued at 3:15 p.m. Monday. He cited “unfavorable economics" for liquefied natural gas in the New England region” as the reason for the change of course.

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