Magnolia LNG Receives Final Environmental Impact Statement From FERC
Perth, Nov 16, 2015 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) (LNGLY:OTCMKTS) (LNGL or the Company) and Magnolia LNG LLC (Magnolia) are pleased to announce that the United States Federal Energy Regulatory Commission (FERC) issued the Final Environmental Impact Statement (FEIS) for the Magnolia LNG (MLNG) project in Lake Charles, Louisiana, and the associated Kinder Morgan Louisiana Pipeline (KMLP) Lake Charles Expansion Project on 13 November 2015. Issuance of the FEIS represents the culmination of FERC Staff's environmental and safety review of the proposed MLNG and KMLP projects. In completing the unified FEIS for the two projects, the FERC conducted a comprehensive environmental, safety and security review analyzing publicly available data, input from other federal and state agencies, comments from interested stakeholders, and information that both MLNG and KMLP provided regarding the construction and operation of the MLNG project and KMLP's related natural gas pipeline infrastructure.
In the FEIS, FERC Staff concludes that construction and operation of the proposed projects would result in limited adverse environmental impacts, but these impacts would be reduced to less-than-significant levels with the implementation of MLNG's and KMLP's proposed mitigations and the additional measures recommended in the FEIS.
The next step in the FERC process is for the FERC Commissioners to act on MLNG's and KMLP's respective applications. U.S. law requires that FERC wait at least 30 days following the issuance of an FEIS before making a decision. Once the 30-day period has elapsed, FERC may then issue an order on the applications.
The FERC Notice of the FEIS and the FEIS itself can be accessed at the links below.
MLNG Environmental Attributes
In line with LNGL's Business Principles regarding the environment, the Company is proud to highlight these unique environmental attributes arising from the MLNG project development.
- The MLNG project will restore up to 300 acres of wetlands in SW Louisiana, enhancing the region's flood protection and restoring indigenous marsh habitat.
- The 8 mtpa or greater MLNG project will be sited on a 115-acre parcel, setting a new benchmark for the minimisation of land use for LNG projects in the US and the world, while still fully satisfying the stringent US safety and security regulations.
- The efficiency of the OSMR technology allows the MLNG project to achieve a lower emission profile per tonne of LNG produced relative to traditional industry applications.
LNGL's Managing Director and CEO, Mr. Maurice Brand said, "We are very pleased with our progress in the FERC regulatory process since we filed our application on April 30, 2014. We look forward to FERC's approval of the project in the near future. The receipt of the FERC approval is one of the important steps to move the Magnolia LNG project through to Financial Close."
The FERC Notice of the FEIS and the FEIS itself can be accessed at:
http://elibrary.FERC.gov/idmws/search/intermediate.asp?link_file=yes&doclist=14398624
http://elibrary.FERC.gov/idmws/search/intermediate.asp?link_file=yes&doclist=14398539
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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