Ann: Magnolia LNG Project - Update from DOE, page-30

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ejwalk

2,078 Posts.

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01/12/16

11:34

Post #: 21023243
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Originally posted by Timbogold ↑

Agree. Makes you wonder if folks who scalp a few cents here, a few cents there actually bothered to read GV's comments (or have the slightest interest in the bigger picture):

“Our Magnolia project team is very pleased to have successfully received this final piece of the regulatory framework enabling our Magnolia LNG project to export US-produced natural gas to the global energy market. We recognize and appreciate the hard work and timely efforts put in by the DOE and other cooperating agencies in reaching this decision. Going forward, we are well underway in progressing on the final offtake milestones to enable us to move this leading energy efficient, innovative and low cost project into the construction and operations phases.”

So whilst non-FTA was expected, DOE approval removes any lingering uncertainty amongst potential non-FTA offtakers LNG is in discussion with. And in case folks weren't aware LNG HH is currently $3.30/ btmu. OPEC's decision is also clearly welcome but I digress.

As for NTP, this is legal in nature (April's FERC Order was THE key ann following last Nov's FEIS).

I'm reminded FERC's perviously issued material anns. (DEIS, FEIS & Order) were all issued on a Friday. And I note FERC hasn't responded (or even ack'd) LNG's recent (2 1/2 weeks ago) 'friendly reminder'.

IMO NTP is coming tomorrow.

Go LNG!!!

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NTP should be granted tonight in oz before lng monthly report so Ferc does not look more stupid .. I think lng maybe first to have non fta before ntp ?

LNG Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
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