The Company is pleased to report that it has submitted a further response to FERC's Engineering Data request covering additional geotechnical-seismic items.
As noted in previous releases, 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 United States, and allows FERC to clarify certain aspects of the filings to assist them to complete and issue a draft Environmental Impact Statement (DEIS) for the Magnolia LNG project.
LNGL Managing Director and CEO, Mr Maurice Brand, said that the Magnolia LNG team and consultants had been advised that a further two requests will be made shortly. We continue to make solid progress to finalise the FERC Filing process and the targeted issue of a Notice of Schedule in early 2015.
"The FERC process continues to run in parallel with the Company moving towards a bankable EPC contract and long term Tolling Agreements. Magnolia LNG is well placed to achieve its primary goal to achieve Financial Close in mid-2015 and first LNG in 2018" said Mr Brand.
About Liquefied Natural Gas Limited:
Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) is an ASX listed company whose portfolio consists of 100% ownership of the following assets:
- Magnolia LNG, LLC, a US-based wholly owned subsidiary, which is developing the Magnolia LNG Project an 8 mtpa LNG export terminal, in Lake Charles, Louisiana, USA;
- Gladstone LNG Pty Ltd, a wholly owned subsidiary, which is developing the Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
- LNG Technology Pty Ltd, a wholly owned subsidiary, which developed and owns the Company’s OSMR(R) LNG liquefaction process, a mid-scale LNG business model that plans to deliver: lower capital operating costs; faster construction; and improved efficiency, relative to larger traditional LNG projects.
Source:
Liquefied Natural Gas Limited
Contact:
Liquefied Natural Gas Limited T: +618-9366-3700 F: +618-9366-3799 WWW: www.lnglimited.com.au