Liquefied Natural Gas Ltd (LNG Ltd) has announced that the US Department of Energy (DOE) has granted the Magnolia LNG Project authorisation to export LNG to countries that do not hold a free-trade agreement (non-FTA countries) with the US.
The LNG will be exported from the proposed liquefaction and export facility in Lake Charles, Louisiana, US.
LNG Ltd’s Managing Director and Chief Executive Officer (CEO), Greg Vesey, said: "Our Magnolia project team is very pleased to have successfully received this final piece of the regulatory framework enabling our Magnolia LNG project to export US-produced natural gas to the global energy market.
“We recognise and appreciate the hard work and timely efforts put in by the DOE and other cooperating agencies in reaching this decision.
“Going forward, we are well underway in progressing on the final off-take milestones to enable us to move this leading energy efficient, innovative and low cost project into the construction and operations phases.”
Read the article online at: https://www.lngindustry.com/liquefaction/01122016/magnolia-lng-receives-non-fta-export-authorisation/