Magnolia LNG, a unit of LNG Limited, said that the company achieved two significant milestones this past week in progressing its pending application with the Federal Energy Regulatory Commission (FERC) for its proposed 8 mtpa LNG export project located in Lake Charles, Louisiana, USA:
In order for it to issue a Notice of Schedule for Environmental Review and the Draft Environmental Impact Statement for the project, FERC requires these inter-agency approvals.
Magnolia said it in a statement that is confident that with these developments it is moving substantially closer to the issuance of an environmental review schedule and ultimately a draft environmental impact statement and looks forward to cooperating with FERC to achieve additional milestones.
Press Release, September 22, 2014; Image: Magnolia LNG