Glenfarne

Magnolia LNG Secures Five-Year Extension to Begin Service Amid Weak Market

Magnolia LNG Secures Five-Year Extension to Begin Service Amid Weak Market

FERC has given the proposed Magnolia liquefied natural gas (LNG) export project near Lake Charles, LA, and an associated Kinder Morgan Inc. pipeline expansion five additional years to be placed in service because of the difficulty in securing long-term customers to finance the project. The 8.8 million metric ton/year (mmty) project and the so-called Lake…

October 8, 2020
Glenfarne eyeing Gulf Coast LNG FIDs in 2021, Sees ‘Substantial Opportunity’ in Korean Market

Glenfarne eyeing Gulf Coast LNG FIDs in 2021, Sees ‘Substantial Opportunity’ in Korean Market

New York City-based Glenfarne Group LLC hopes to fund both of its U.S. Gulf Coast LNG export projects by the end of 2021, founder Brendan Duval told NGI. Glenfarne earlier this month closed on the acquisition of the 8.8 million metric tons/year (mmty) Magnolia LNG export project near Lake Charles, LA, from Australia’s Liquefied Natural…

June 29, 2020
Glenfarne Group Takes Over Proposed Magnolia LNG Project in Louisiana

Glenfarne Group Takes Over Proposed Magnolia LNG Project in Louisiana

Liquefied Natural Gas Ltd. (LNGL) has finally closed on the sale of its proposed 8 million metric tons/year (mmty) export project in Lake Charles, LA, after two previous deals fell through.

June 9, 2020