Faster Approvals for LNG Export to Non-FTA Countries

By Joseph R. Fonseca
Monday, August 18, 2014
Magnolia-LNG receives export boost

 

Liquefied Natural Gas Limited has advised that the U.S. Department of Energy has revised procedures that could result in faster approval of applications to export LNG to non-Free Trade Agreement (Non-FTA) countries.

The company had in October 2013 applied for approval to export 8 million tonnes of LNG per annum from its Magnolia LNG project at Port of Lake Charles, Louisiana, to non-FTA countries.

Securing Non-FTA approval will allow the company’s proposed LNG toller’s to export their LNG to all major global LNG
markets Managing Director Maurice Brand said “DOE reiterates that the procedural changes will enable it to focus on projects that are more likely to advance to commercial operation, referencing commencement and continued progress  through and completion  of  the National Environmental  Policy Act  (NEPA) process as an  indicator.  Importantly,  focusing on these real projects will aid DOE in assessing cumulative market and other impacts.  By placing  the most viable projects  first based on objective  factors like  the completion of  the  robust NEPA review, DOE’s  new  procedures  ensure  that  such  projects  are  not disadvantaged  by  the  creation  of  an artificially high cumulative  non-­-FTA  export  volume  from  projects  that  have  not  made  significant  progress towards securing authorisation for the physical export facilities”.

“Magnolia LNG is well advanced in the NEPA process at FERC.  Based on the current state of the regulatory review,  we  expect  to  receive  the  draft  Environmental  Impact  Statement  (DEIS)  in  2014,  and  the  Final Environmental Impact Statement (FEIS) likely will issue approximately 4 months after the DEIS. With today’s announced final revised DOE process, Magnolia LNG is confident that it will advance more quickly to its Non-­-FTA  uthorisation because  the  trigger  for  commencement  of  the  Non-­-FTA  process now  is  based  on completion of the FERC NEPA process, rather than  the old queue,” said Mr Brand.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Construction Begins on Johan Sverdrup Riser platform

The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right),

NAT Takes Delivery of Suezmax, Earnings Capacity Up

Nordic American Tankers Limited ("NAT" or "the Company") announced that it today took delivery of a Suezmax vessel, the Nordic Sirius, built at a shipyard in Japan.

Boon, Non-executive Director of ST Engineering Resigns

Singapore Technologies Engineering Ltd (ST Engineering) today announced the resignation of Mr Quek Tong Boon as non-executive Director with effect from 1 July 2016.

News

Tanker Allision on the Piscataqua River

The U.S. Coast Guard says it is continuing to monitor the condition of the chemical tanker Chem Venus, after it allided with three unoccupied, moored sailboats

Broadband Upgrade for MSC Cruises

Intelsat S.A. has been selected by Marlink to deliver fast, high quality Intelsat EpicNG broadband connectivity to Mediterranean Shipping Company’s (MSC) cruise ships.

PALFINGER Finalizes Harding Acquisition

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving

Government Update

Beijing Slams South China Sea Court Proceedings

Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against

Paris MoU Reports Decrease in 'Bans'

Paris MoU reports that 2015 shows a large decrease in the refusal of access (“bans”) within the region: 11 bans compared to 20 in 2014. The detention percentage has remained stable at 3.

BP Receives its First Venezuelan Crude Cargo under Swap Deal

Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies

Logistics

Baltic Index Rises on Increased Demand Across Segments

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on higher demand across all vessel segments.

MAST, AMSA Partner for Risk Management Services

Maritime security company Maritime Asset Security Training (MAST) has announced their partnership with Astbury Marine Services & Associates (AMSA), a specialist

Mersey Maritime: Small Business at Heart of Isle of Man Partnership

UK Industry trade body Mersey Maritime has announced a new trade agreement with the Isle of Man Shipping Association (IOMSA) which aims to supercharge bilateral trade,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1219 sec (8 req/sec)