Meridain LNG process

Gas Supply & Liquefaction

Gas supply 1

On July 22nd 2015, Meridian LNG signed a 20 year, 1.7 million tonne per annum (mtpa) liquefaction tolling capacity agreement with LNG Limited, the developer of the Magnolia LNG facility in Lake Charles, LA (www.magnolialng.com). Meridian LNG anticipates expanding the offtake to 2.0 mtpa.  Meridian LNG is also in discussions for the supply of a further 1.4 mtpa for delivery from 2020.

Direct Energy - In April 2015 Meridian LNG also signed a Gas Supply and Aggregator Services MoU with Direct Energy a subsidiary of Centrica PLC. For supply into Magnolia via the existing Kinder Morgan pipeline system. Discussions are ongoing with domestic natural gas producers with the goal of securing a large proportion of the required 300 mmscfd (million standard cubic feet of gas per day) feed gas supply at prices related to LNG offtake.