Australia's Liquefied Natural Gas Ltd. said on Sept. 30 it has received preliminary approval to increase output at its proposed U.S. LNG plant to 8.8 million tonnes per annum (mtpa) from the currently authorized 8 mtpa.
A draft environmental impact statement by the U.S. energy regulator found that increased production at the planned Magnolia LNG LLC project in Louisiana would not negatively impact air or noise emissions in the area, LNG Ltd. said in a statement.
The company plans to build an LNG export terminal comprising four LNG production units, known as trains. It has said it hopes to make a final investment decision on the $4.4 billion project later this year.
LNG Ltd. applied in November last year to the Federal Energy Regulatory Commission (FERC) to increase its total authorized production capacity at the project.
FERC is expected to issue the final version of its statement on or before Jan. 24, 2020, LNG Ltd. said.
Recommended Reading
EnLink Investors Vote in Favor of ONEOK Buyout
2025-01-30 - Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.
Viper to Buy Diamondback Mineral, Royalty Interests in $4.45B Drop-Down
2025-01-30 - Working to reduce debt after a $26 billion acquisition of Endeavor Energy Resources, Diamondback will drop down $4.45 billion in mineral and royalty interests to its subsidiary Viper Energy.
Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%
2025-01-29 - Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.