LNG

Dec 11 (LNGJ) - LNG Ltd., the Australian developer, said its Magnolia LNG project in Louisiana was making good progress in the permitting process with the Federal Energy Regulatory Commission. The company has just received its engineering data information request from the FERC, with a planned response date of December 29, 2014. The engineering data request is usually one of the final steps before the FERC issues a Draft Environmental Impact Statement. "The FERC process is running in parallel with the company moving towards a bankable EPC contract and long-term tolling agreements, and augers well for Magnolia LNG to achieve its primary goal of financial close in mid‐2015 and first LNG in 2018," said Chief Executive Maurice Brand.