sentences:  Once the LNG was processed into natural gas, it would have been transmitted throughout the Mid Atlantic and Northeastern United States via a number of interconnections with existing natural gas pipelines that are located near the proposed terminal.On January 6, 2012, Crown Landing LLC's owner, Hess Energy, filed a letter to the Federal Energy Regulatory Commission (FERC) surrendering the authorization to construct and operate, due to the likelihood that the terminal would not be profitable.Company president Godon Shearer cited "significant increases in natural gas production from North American shale resources," and that impact on prices and demand, as the reason for halting the project.