Magnolia makes move for more LNG exports

By By Frank DiCesare / American Press

Magnolia LNG has taken another major step in making its plant a reality in Southwest Louisiana.

Company officials this week applied for a permit with the U.S. Department of Energy to export an additional 4 million tons

of LNG each year to free-trade and non-free-trade-agreement countries.

In February, DOE officials granted Magnolia a permit to export up to 4 million tons of LNG each year to FTA countries such

as South Korea, Australia and Singapore.

In a statement to the American Press, Magnolia LNG President Maurice Brand said discussions with potential new tolling parties have prompted an increase in the

company’s LNG exports to more than 8 million tons a year.

“These applications do not affect the timing to financial close of the Magnolia LNG phase one development of 4 mpta, which

is on schedule for the first half of 2015,” his statement read. “Should these additional approvals be authorized, it will

provide Magnolia LNG with increased flexibility to supply LNG to a greater number of countries.”

Magnolia LNG’s plant will consist of

four 2 million-ton-per-annum trains or process units and two

160,000-cubic-meter LNG

tanks. The plant will be located near the intersection of Henry

Pugh Boulevard and Big Lake Road on 110 acres of land owned

by the Port of Lake Charles. Magnolia will lease the land from the

port.

Magnolia officials entered the permitting process with the Federal Energy Regulatory Commission in March. If approved, the

project’s estimated two-year construction period is expected to begin in mid-2015.

Magnolia LNG is owned by Liquefied Natural Gas Ltd. of Perth, Australia.