LNGL seeks to solidify Magnolia LNG deal
USA
PERTH, September 14, 2015 – Australian company Liquefied Natural Gas Limited (LNGL) is looking to solidify an engineering, procurement and construction contract between US player KBR and SK engineering and construction of South Korea (KSJV) for its Magnolia LNG project in Louisiana.
The contract between KSJV and LNGL incorporates a six-month fixed price on a 6-million-tonnes-per-year facility for LNGL as well as a final pricing schedule for the 8-million-tonnes-per-year facility to be located in Lake Charles, Louisiana.
Among the terms outlined in the press release, KSJV promises to fully guarantee the rate of LNG production and fuel gas efficiency for the first two liquefaction trains at the Lake Charles facility.
September 8, 2015 marked the expiration of the Federal Energy Regulatory Commission’s period to comment on the potential impacts of the Magnolia LNG project on the environment. Comments from the commission are reported to have proved limited in nature, and will not be cause for delay. Final environmental impact reports will be issued in November of 2015.
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