LNG

Nov 24 (LNGJ) - The Australian company, LNG Ltd, said the US Federal Energy Regulatory Commission had denied a request from the Sierra Club environmental activist group to revoke approved permits for its Magnolia LNG export plant being developed in Louisiana. “FERC entirely rejected the Sierra Club’s arguments, basing its rejection largely on recent decisions from US federal appeals courts that have found FERC’s approach is proper and consistent with US Supreme Court precedent. Company Chief Executive Gregory Vesey said of the ruling: “We are pleased with the FERC’s decision on this matter and look forward to the US Department of Energy processing Magnolia LNG’s pending application to export LNG to non-Free Trade Agreement countries.”