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The Natural Gas Storage Facility in Mt. Hayes, B.C., can keep 1.5 billion cubic feet of natural gas in compressed liquid form in a 12-storey storage tank.
The Natural Gas Storage Facility in Mt. Hayes, B.C., can keep 1.5 billion cubic feet of natural gas in compressed liquid form in a 12-storey storage tank.
(CHAD HIPOLITO For The Globe and Mail)

Veresen bought deal to tap market for $285-million

Veresen Inc. is raising money for a proposed Oregon liquefied natural gas project a day after the U.S. Department of Energy approved its export application.

Veresen, the Calgary-based energy infrastructure and processing company, is going to the market for up to $285-million in a bought deal led by Bank of Nova Scotia, TD Securities Inc. and CIBC World Markets.