Magnolia LNG Project Process and Progress with FERC
Brisbane, Sep 8, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) (LNGLY:OTCMKTS) (LNGL or the Company) is pleased to provide an update on the Federal Energy Regulatory Commission (FERC) process and progress with respect to its application for all necessary permits and approvals for the development of its planned 8 mtpa Magnolia LNG project. Magnolia LNG LLC, the project company, is a wholly owned subsidiary of LNGL.
Consistent with the normal process for applications filed under Sections 3 and 7 of the Natural Gas Act for LNG terminals and interstate pipelines like the proposed Magnolia LNG (MLNG) export terminal and the associated Kinder Morgan Louisiana Pipeline (KMLP) Lake Charles Expansion Project, MLNG and KMLP both received Environmental Information Requests from FERC, dated 18 August 2014 and 20 August 2014, respectively, in response to their April 30 and June 30 FERC applications. These Information Requests allow FERC to clarify certain aspects of the filings to assist FERC in the development of the combined Draft Environmental Impact Statement for the projects.
On Friday, 5 September 2014, MLNG submitted to FERC responses to every question posed by FERC Staff in the Environmental Information Request. KMLP is preparing a separate response to the Environmental Information Request it has received. It is anticipated that further Information Requests will be issued by FERC for both projects over the next several weeks.
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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