FERC Accepts Kinder Morgans Filing Application
Brisbane, July 14, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) (LNGLY:OTCMKTS) (LNGL or the Company) advises that the US Federal Energy Regulatory Commission (FERC) has accepted Kinder Morgan Louisiana Pipeline LLC's (KMLP) application pursuant to Section 7(c) of the Natural Gas Act for the Lake Charles Expansion Project, establishing 1 August 2014 as the deadline by which interested parties must formally intervene and/or submit comments on the filing. KMLP is a wholly owned subsidiary of Kinder Morgan, Inc. (NYSE: KMI).
As detailed in the ASX release on 1 July 2014, KMLP's application seeks FERC's authorisation to construct and operate the Lake Charles Expansion Project, which would include the installation of compression and other related facilities on the existing KMLP Pipeline, facilitating the full required volumes of natural gas to be transported to the proposed 8 mtpa Magnolia LNG Project, which is located along the Calcasieu River, near Lake Charles, Louisiana, United States of America.
The FERC approval process for the Lake Charles Expansion Project will run in parallel with FERC's regulatory review of the Magnolia LNG Project. FERC formally accepted the Magnolia LNG application on 15 May 2014, as announced to the ASX.
About Liquefied Natural Gas Ltd
Liquefied Natural Gas Limited (
ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:
- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
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