LNG Limited: Magnolia project moving forward

LNG Limited updates on Magnolia LNG process and progress with FERC

Magnolia LNG issued an update on the status of Information Requests from the United States Federal Energy Regulatory Commission.

These information requests are part of the normal process for applications filed under the Natural Gas Act for LNG terminals in the USA, and allow FERC to clarify certain aspects of the filings to assist them to complete and issue a draft Environmental Impact Statement for the Magnolia LNG project.

The Engineering Data Request represents a major milestone in the FERC Filing process, and is usually one of the final information requests sought by FERC before the issue of a Notice of Schedule and DEIS. In addition the timing of the request will enable the agreed outcomes to be included in the final detailed engineering design by the proposed EPC contractor, the SKE&C Group that is to be completed by 31 March 2015.

Magnolia LNG’s President, Maurice Brand, noted the solid progress being made to finalize the FERC Filing progress and the targeted issue of a Notice of Schedule in early 2015.

“The FERC process is running in parallel with the move towards a bankable EPC contract and long term Tolling Agreements, and augers well for Magnolia LNG to achieve its primary goal to achieve Financial Close in mid-2015 and first LNG in 2018,” said Brand.

Press Release; Image: LNG Limited

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