Magnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Posted on Jan 29, 2014 in LNG Exports, Markets and Competition | Comments Off on Magnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Magnolia LNG has executed a legally binding Precedent Agreement with Kinder Morgan Louisiana Pipeline (KMLP) for firm transportation rights for the full 8 million tonnes/year capacity of the Magnolia LNG export terminal at Lake Charles, La. According to the press release, KMLP will proceed to file its application with FERC to construct the required pipeline compression and interconnect facilities to provide the transportation service. Importantly, FERC’s review of KMLP’s application will run parallel to its review of Magnolia LNG’s formal application to construct its LNG terminal, which is expected to be filed in March or April of this year.