Quoddy Bay LNG has proposed construction of a liquified natural gas (LNG) import terminal and pier at Split Rock, Pleasant Point.  The project also includes plans for three storage tanks to be located at a section of the Old Eastport Road in Perry.  Presently, the project application is under review by the Federal Energy Regulatory Commission (FERC).  Information concerning the project can be found at their website: www.ferc.gov.  The docket number for this project is CP07-38-000.  On February 5th, 2007 the Town of Perry Selectmen and Quoddy Bay LNG released a Financial Framework Agreement that would require Quoddy Bay to pay the Town of Perry minimum annual payments of $3.6 million dollars per year for 25 years. Links to this document and summaries are below.

Financial Framework Agreement

Summary of Agreement by Eaton Peabody

Financial Framework Press Release

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