Pembina Pipeline Takes Impairment on Jordan Cove
Pembina Pipeline Takes Impairment on Jordan Cove Feb 25, 2021 11:02:pm Summary by: Dale Lunan Posted in: Pembina Pipeline Takes Impairment on Jordan Cove Pembina Pipeline, the Canadian midstream operator proposing the 7.8mn mt/yr Jordan Cove LNG export terminal, has taken a C$349 (US$277)mn impairment on the project, it said February 25 while releasing its Q4 2020 financial results. The impairment includes all previously-capitalized amounts related to Jordan Cove, except for land with a recoverable carrying amount of $21mn. Jordan Cove LNG, which Pembina acquired in 2017 when it bought midstr...
Source: naturalgasworld.com