Hess Drops Liquefied Natural Gas Plans For Fall River

Following strong local opposition, a major oil and gas company is abandoning its plans to build a liquefied natural gas terminal in Fall River.

Fall River Mayor William Flanagan says it's great news for the city.

"The hard work of many has paid off here today," Flanagan said. "And it shows that the average citizen can stand up to corporate America and be successful in the end."

Flanagan says the city plans to begin talks with Hess LNG to purchase the waterfront property and be masters of its own destiny.

Hess says it's abandoning the plans because of changing market conditions.