Report: LNG terminal plans on hold

October 8, 2008 12:10:44 PM PDT
Energy giant BP has suspended plans to build a $700 million liquefied natural gas terminal along the Delaware River, off the southern New Jersey coast. Company spokesman Tom Mueller tells The News Journal of Wilmington, Del., that the decision to call off the project stems from changes in global energy markets.

BP's plans called for a 2,200-foot-long pier to be built off Logan Township in New Jersey.

The project was the focus of a U.S. Supreme Court fight between Delaware and New Jersey that was resolved earlier this year in Delaware's favor. Delaware wanted to stop the project because of safety concerns. New Jersey argued that each state controls piers on its side of the river.

The court ruled in March that Delaware has a veto power over developments that extend into its borders on the river.

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