Magnolia LNG granted non-FTA export approval

Perth-based LNG Limited on Thursday said its Magnolia LNG project has been granted authorization by the U.S. Department of Energy to export liquefied natural gas to non-FTA countries.

Greg Vesey, LNG Limited managing director and CEO said that the authorization to export the chilled fuel from the proposed facility in Lake Charles, Louisiana to countries with which the United States has not entered into a free trade agreement was the final piece of regulatory framework for the project.

Magnolia LNG has already been granted authorization to site, construct and operate the liquefaction and export terminal in April.

Vesey added that the company is well underway in progressing on the final offtake milestones to enable it to move the project into the construction and operations phases.

The proposed Magnolia LNG facility would have up to four trains each with a liquefaction capacity of 2 mtpa or more, two 160,000-cbm storage tanks, ship, barge and truck loading facilities and supporting infrastructure.