Australia’s Liquefied Natural Gas Ltd is progressing with its Magnolia LNG project in Louisiana with the expiry of the Federal Energy Regulatory Commission’s Draft Environmental Impact Statement comment period.
The National Marine Fisheries Service comment regarding dredging issues is being resolved with FERC, NMFS and the Army Corps of Engineers, LNG said.
The company said it is confident it can address the Environmental Protection Agency’ comments, which are consistent with other LNG export projects.
The final environmental impact statement remains on track to be delivered by November.
LNG has also agreed with the KBR‐SK joint venture a schedule to conclude pricing negotiations and subsequent signing of the turnkey engineering, procurement and construction contract in the fourth quarter 2015.
The company is also continuing marketing of binding offtake agreements with a number of parties.
Each of the offtake negotiations are for initial 20-year terms, with some taking the form of a liquefaction tolling agreement and some being LNG sale and purchase agreements.
The company recently signed supplier alliance agreements with Siemens, EthosEnergy Group and Chart Industries, that is central to its strategy of producing standardised, repeatable designs and processes for its Magnolia LNG and other projects.
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