Magnolia Draft Supplemental Environmental Impact Statement
Perth, Sep 30, 2019 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) (LI5:FRA) (LNGLY:OTCMKTS) is pleased to advise that the United States Federal Energy Regulatory Commission (FERC) issued the Draft Supplemental Environmental Impact Statement (DEIS) for the production capacity amendment to the Company's Magnolia LNG LLC (Magnolia LNG) project on 27 September 2019. Magnolia LNG's production capacity amendment, filed with FERC on 19 November 2018, would increase the total authorized production capacity of Magnolia from the currently authorized 8 million tonnes per annum (mtpa) to 8.8 mtpa.
In the Supplemental DEIS, FERC concluded: "The modifications associated with the Production Capacity Amendment, with the additional mitigation measures recommended in the supplemental EIS, would continue to avoid or reduce impacts to less than significant levels.
FERC also concluded: "There would be no substantive change in construction noise or air emissions from that previously analyzed in the Commission's EIS for the Magnolia LNG Project and modeling demonstrates there would be no exceedances of the National Ambient Air Quality Standards."
The Supplemental DEIS is a critical milestone for the proposed Magnolia LNG project capacity upgrade, incorporating comments from FERC and other cooperating federal agencies. In completing the work necessary to issue the Supplemental DEIS, FERC analyzed publicly available data and data provided by Magnolia LNG associated with the construction and operation of the Magnolia LNG project.
FERC set 18 November 2019 as the deadline for receipt of public comments on the Supplemental DEIS. Based on the Notice of Schedule for Environmental Review, previously issued by FERC on 26 June 2019, the Supplemental Final Environmental Impact Statement (FEIS) is expected to be issued by FERC on or before 24 January 2020.
The Company's Managing Director and CEO, Greg Vesey, said, "We thank FERC for their expeditious diligence and review of Magnolia LNG's Production Capacity Amendment, and we are pleased with the findings in the Draft Supplemental Environmental Impact Statement. The LNG Limited team looks forward to our continued work with FERC to enable us to receive the FEIS on schedule in January 2020."
About Liquefied Natural Gas Ltd
Liquefied Natural Gas Limited (
ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:
- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
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