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Calais LNG Fails to Renew Agreement to Buy Land 

Catherine Pegram

The company hoping to build a $1 billion liquefied natural gas terminal Downeast has until the middle of the week to tell state regulators why it failed to renew an option to buy a major piece of property for the project. Calais LNG is working to develop a 330 acre site south of Calais. The owners of two-thirds of that land say on September 1st, Calais LNG lost the rights to buy or use the property when the company didn’t extend a purchase agreement for it.The Bureau of Environmental Protection has given the company until Wednesday to explain the action. Calais LNG is also supposed to file a completed application for the project to the BEP by December 1st.