Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Posted on Jul 14, 2014 in LNG Exports | Comments Off on Liquefied Natural Gas Limited Signs EPC Term Sheet with SK Engineering
Liquefied Natural Gas Limited has signed an Engineering, Procurement & Construction (EPC) Contract Term Sheet with SK Engineering and Construction for the Magnolia LNG project. John Baguley, Magnolia LNG Chief Operating Officer said “The EPC Term Sheet will materially assist in the early drafting of the LSTK EPC Contract and pave the way for a much shorter negotiation and completion period.” The U.S. Federal Energy Regulatory Commission (FERC) has accepted the filing application for Magnolia LNG with all approvals expected during 2015 in time for financial close in the middle of the same year. The complete docket for the project can be found on eLibrary under Docket No. CP14-347.