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LNG Ltd: Magnolia LNG project progressing

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LNG Industry,

Liquefied Natural Gas Ltd (LNG Ltd) has provided an update on the status of Information Requests from the US Federal Energy Regulatory Commission (FERC) in relation to its wholly owned subsidiary, Magnolia LNG LLC.

LNG Ltd has received the anticipated Engineering Data information request from FERC, with a planned company response date of 29 December 2014. 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 draft Environmental Impact Statement DEIS. 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 US. The information requests allow FERC to clarify certain aspects of the filings to assist them to complete and issue a DEIS for the Magnolia LNG project.

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, which is to be completed by 31 March 2015.

LNG Ltd Managing Director and CEO,Maurice Brand, said: "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."

Adapted from press release by

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