Magnolia LNG allowed to proceed with site preparation

Magnolia LNG allowed to proceed with site preparation
Image courtesy of LNG Limited

Perth-based Liquefied Natural Gas Limited said its Magnolia LNG project received the notice from the United States Federal Energy Regulatory Commission to start initial site preparations in the Port of Lake Charles, Louisiana. 

Commenting on the notice to proceed, Greg Vesey, managing director and CEO of LNG Limited, said that the FERC notice to proceed for initial site preparation is a key milestone for the project that underscores its position as ‘Shovel Ready’.

“Nevertheless, the pacing item for our Final Investment Decision (FID) and initiation of construction for Magnolia remains the finalization of our LNG offtake agreements, and our team remains fully engaged in advancing this activity,” Vesey said.

Magnolia LNG proposes to construct and operate up to four liquefaction production trains, each with a capacity of 2 mtpa or greater and the construction includes two 160,000-cbm LNG storage tanks, ship, barge, and truck loading facilities, and supporting infrastructure.

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >