Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Magnolia LNG Project Process and Progress with FERC
Magnolia LNG Project Process and Progress with FERC

Perth, Dec 11, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) ("LNGL" or the "Company") wishes to provide an update on the status of Information Requests from the United States Federal Energy Regulatory Commission (FERC) in relation to the Company's wholly owned subsidiary, Magnolia LNG LLC (MLNG).

The Company is pleased to report that it has received the anticipated Engineering Data information request from FERC, with a planned Company response date of 29 December 2014. As noted in previous releases, these information requests are part of the normal process for applications filed under Sections 3 and 7 of 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 (DEIS) 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.

LNGL Managing Director and CEO, Mr Maurice Brand, said that he was very pleased with the solid progress being made to finalise 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 Company moving 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 Mr Brand.

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.

https://twitter.com/lnglimited abnnewswire.com 


Contact

Liquefied Natural Gas Limited
T: +618-9366-3700
F: +618-9366-3799
WWW: www.lnglimited.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 2) (Last 30 Days: 17) (Since Published: 4523)