Gas Pipeline Interconnect Agreement (PIA) executed
PERTH, Australia – Public listed company Liquefied Natural Gas Limited is pleased to advise that its wholly owned subsidiary, Magnolia LNG LLC (MLNG), has executed a Gas Pipeline Interconnect Agreement (PIA) with Kinder Morgan Louisiana Pipeline LLC, (KMLP) that sets out the technical scope and specifications for gas supply to the Magnolia LNG Plant. The PIA defines each parties’ obligations in relation to the design, procurement, construction, installation, operations, maintenance and ownership of the facilities.
LNGL Managing Director and Chief Executive Officer, Maurice Brand, said that “the Kinder Morgan Louisiana Pipeline is an existing interstate gas pipeline system that traverses the Magnolia LNG Plant site. Magnolia has already entered into a legally binding agreement with KMLP to access 1.4 bcf/day of capacity over a 20-year term. This capacity is sufficient for Magnolia LNG to produce its full 8 mtpa design capacity.”