Hess abandons Weaver’s Cove LNG project

(Updated, 4:13 p.m.) FALL RIVER – Hess LNG announced Monday it was abandoning plans to develop a controversial liquefied natural gas terminal in Weaver’s Cove. Hess LNG President Gordon Shearer said changing economics led the company to withdraw applications for the $700 million facility in Mount Hope Bay proposed eight years ago. “The significant increase…

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