The regulatory changes put forward by the Department of Energy (DOE) to expedite LNG exports to non-Free Trade Agreement (FTA) countries have been generally supported by the Managing Director and CEO of LNG Ltd, Mr Maurice Brand.
Mr Maurice Brand, whose company owns the Magnolia LNG project in Louisiana, said: “While Magnolia LNG continues to review and assess the US DOE’s 29 May proposal, Magnolia LNG generally supports regulatory changes that have the effect of expediting the approval for non-FTA LNG exports for those projects like Magnolia LNG that advance through the Federal Energy Regulatory Committee (FERC) environmental and safety regulatory process. Magnolia LNG looks forward to filing comments with DOE expressing its views on the agency’s proposal while it continues to press ahead diligently with its pending FERC application.”
Last week, LNG Ltd released a presentation that referenced the potential for Magnolia LNG to receive non-FTA approval in 2015.
Edited from various sources by Ted Monroe
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/02062014/magnolia_lng_supports_regulatory_changes_proposed_by_doe/