SCT&E LNG said that it has hired international public accounting firm MaloneBailey to conduct an audit of its financial statements prior to a private offering to its accredited investors.
SCT&E LNG plans to initiate a capital raise of $40 million for the development of its LNG liquefaction plant and LNG export terminal to be located on 246 acres of land on Monkey Island, Cameron Parish, Louisiana,the company informed in a statement.
SCT&E LNG was recently granted authorization from the Department of Energy for export of 12 million tons per annum of LNG to nations with whom the Unites States has a free trade agreement.
The company said it will now begin the next phase of the project development to obtain approval from the Federal Energy Regulatory Commission for the siting, construction, and operation of its planned LNG facilities.
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Image: MaloneBailey