PERTH (miningweekly.com) – The US Department of Energy will allow a subsidiary of ASX-listed Liquefied Natural Gas (LNG) to export LNG products from its proposed facility in Louisiana to countries with which the US does not have a free trade agreement.
The LNG subsidiary, Magnolia, was hoping to construct and operate up to four LNG production trains with a two-million-tonne-a-year capacity each. First LNG from the project was expected by 2018.
The project has already received regulatory approvals to start production and export natural gas, while the Federal Energy Regulatory Commission has authorised Magnolia to construct and operate its facilities, as well as to export domestically produced natural gas.
In addition to this approval, the Louisiana Department of Environmental Quality has also approved the air permit for the LNG project.
LNG CEO and MD Greg Vesey said on Thursday that the final piece of the regulatory framework will enable Magnolia to export US-produced natural gas to the global energy market.
“Going forward, we are well under way in progressing on the final offtake milestone to enable us to move this leading energy efficient, innovative and low-cost project into the construction and operations phase.”