[Baychamp1]

Federal Energy Regulatory Commission (FERC)
• FERC’s role:
– Authorises construction and operation of LNG facilities
– Comprehensive analysis of project environmental, operational and safety implications
– FERC filing process expected to take 15 - 18 months from formal application to notice to proceed (NTP)
• May 2014 - FERC accepted MLNG’s application for the siting, construction, ownership and operation of proposed project and assigned Docket No. CP14-347-000
• July 2014 - FERC accepted Kinder Morgan’s filing application for authorisation to install compression and other related facilities on the KMLP Pipeline
• FERC’s progress towards MLNG’s DEIS was announced on 19th March 2015
• Typical timelines from MLNG current status:
– Following review of responses to remaining data requests, FERC issues a schedule of environmental review (SER), which is followed by issuance of the draft environmental impact statement (DEIS)
– Final environmental impact statement (FEIS) issued about 4 months after the DEIS
– Conditional order authorising the project approximately 30-45 days after FEIS
– After satisfaction of several conditions in the order, FERC staff issues an NTP that authorises commencement of construction
• NTP is required before MLNG can achieve Financial Close and commence construction

FEIS expected sometime in mid Nov.
Notice To Proceed with construction possible Jan. 2016