The DOE granted Australia’s Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) authorization for Magnolia LNG LLC to expand its export capacity to 8.8 million tonnes per annum (mtpa) of LNG to countries that have free trade agreements (FTA) with the United States.

This approval provides an 0.8 mtpa increase from the DOE's initial FTA approval orders above the DOE's initial approval in 2013 allowing Magnolia to export up to 4 mtpa of LNG to FTA countries and a subsequent 5 March 2014 increase of an additional 4 mtpa.

The DOE autho...


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