Magnolia LNG, a wholly owned subsidiary of Liquefied Natural Gas Limited (LNG Ltd), has applied to the United States Department of Energy (DOE) to export up to 8 Mt/year of LNG from the proposed Magnolia LNG Project in Lake Charles, Louisiana to countries that do not have a Free Trade Agreement with the United States; and to export an additional 4 Mt/year of LNG to countries that currently and in the future may have a Free Trade Agreement (FTA) with the United States. The DOE already granted Magnolia LNG authorization to export up to 4 Mt/year of LNG to FTA countries in February 2013. Discussions being held with potential new tolling parties have increased LNG demand from Magnolia LNG to over 8 Mt/year. The increased level of DOE approvals being sought will allow Magnolia LNG to progress Tolling Agreements for the additional two LNG trains, each of 2 Mt/year. The proposed Magnolia LNG project will consist of four 2 Mt/year liquefaction trains. Final Investment Decision is expected in December 2014.
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