Liquefied Natural Gas Ltd (LNGL) has announced that its wholly owned subsidiary, Magnolia LNG LLC, has filed an application with the US Federal Energy Regulatory Commission (FERC) seeking authorisation for the siting, construction, ownership and operation of the proposed Magnolia LNG Project.
The Magnolia LNG project is located along the Calcasieu River, near Lake Charles, Louisiana, USA.
The FERC filing follows extensive work performed by the LNGL and Magnolia LNG teams on Front End Engineering Design (FEED), pre-filing consultation and preparation of 13 draft Resource Reports for FERC. The work also involved consultation with other federal, state and local agencies, such as the Louisiana Department of Environmental Quality, US Department of Transportation and the US Coast Guard.
Magnolia LNG anticipates receiving all approvals next year, with construction due to commence shortly thereafter and first LNG exports planned for the second half of 2018.
The LNG project will provide a direct benefit for the local southwest Louisiana economy, resulting in 70 direct jobs, 175 indirect jobs and up to 1000 jobs during the construction phase of the first two trains.
Milestone for Magnolia LNG
The company's Managing Director, Maurice Brand, said “This is a significant milestone for the Magnolia LNG Project, placing it among a small group of projects to have formally filed an application with FERC. We are committed to meeting all FERC safety and environmental requirements during construction and operation and anticipate Financial Close of the Project in mid-2015. The Magnolia LNG Project will bring jobs and economic growth to southwest Louisiana.”
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/01052014/magnolia_lng_files_ferc_application_514/