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Magnolia LNG Gets FERC Go-Ahead; Project FID Pending

Liquefied Natural Gas Ltd.’s (LNGL) Magnolia LNG LLC has been cleared by FERC to begin initial site preparation for its planned liquefied natural gas (LNG) export terminal in Lake Charles, LA.

“...[T]he pacing item for our final investment decision [FID] and initiation of construction for Magnolia remains the finalization of our LNG offtake agreements, and our team remains fully engaged in advancing this activity,” said LNGL CEO Greg Vesey.

Magnolia LNG proposes to construct and operate up to four liquefaction trains, each with a capacity of 2 million tons per annum (mtpa) or more.

In 2015, Meridian LNG Holdings Corp. signed up for 2 mtpa of tolling capacity at the terminal.

Magnolia LNG is fully permitted, having received its Federal Energy Regulatory Commission order and both free trade agreement (FTA) and non-FTA approval from the U.S. Department of Energy (DOE).

Including the recently issued authorization for Golden Pass Products LLC’s LNG terminal in Texas, DOE said recently it has issued 25 authorizations for export to non-FTA countries totaling 7.01 Tcf of natural gas per year.

LNGL is also planning an export terminal in Nova Scotia.

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