Posted 2013 Aug 8
Updated 2013 Oct 29
Downeast LNG Has Bought
the Mill Cove Property
Required for the Project,
Paying $2.5 Million
Save Passamaquoddy Bay learned on August 6 from the Mill Cove landowner that he had sold the property to Downeast LNG.
On August 8, Downeast LNG notified the FERC Service List that the company has submitted to the FERC docket its announcement of exercising its purchase option.
Downeast LNG's notice will likely appear on the FERC docket on August 9.
The purchase option was to have expired on 2013 June 16. On August 5, FERC required Downeast LNG to clarify its standing by August 15 regarding access to the property.
It may be the land owner would not offer another option, forcing Downeast LNG to either purchase the land or abandon the project.
Or, perhaps Downeast LNG has another purpose in mind.
What is the hidden agenda?