Calais LNG Updates State on Downeast Project 

The company that wants to build a $1 billion liquefied natural gas terminal in Calais says it didn’t renew an option to buy a major piece of property for the project because it’s trying to secure a new investor. Calais LNG wants 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.A lawyer for the company told the Board of Environmental Protection once more funding is lined up, the efforts to buy the land will move forward, again. The company hopes to turn in a completed application for the project to the BEP in mid-January.