Propelled by its latest tentative offtake agreements, Glenfarne Energy Transition LLC is looking to close deals on the remaining volumes of its 4 million metric ton/year (mmty) Texas LNG project by the end of July. With the heads of agreement (HOA) with Gunvor Group Ltd. disclosed earlier in the month, Glenfarne has 3 mmty in…
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Glenfarne Inks Second Tentative Offtake Deal for Texas LNG
Glenfarne Energy Transition LLC has placed a quarter of its Texas LNG export project under tentative contracts after the latest agreement with a unit of Gunvor Group Ltd. Under the heads of agreement (HOA) disclosed Monday, Gunvor could take 0.5 million metric tons/year (mmty) of liquefied natural gas from Texas LNG for 20 years on…
Magnolia LNG Latest to File for New Export Authorization After DOE Policy Shift
Magnolia LNG LLC has filed for a new authorization to export the super-chilled fuel from its proposed facility in Louisiana, the second U.S. project to do so since U.S. regulators said in April they wouldn’t issue extensions to start operations in most cases. The Glenfarne Energy Transition LLC affiliate withdrew its request on Nov. 29…
Glenfarne Sees Clear Path for Advancing Texas, Magnolia LNG Projects as International Gas Demand Grows
Glenfarne Energy Transition LLC is seeing strong interest in its Texas LNG project and expects to make announcements soon demonstrating how close the project is to being sanctioned, said Adam Prestidge, head of legal and corporate affairs for the company’s natural gas business. He told NGI those announcements should then provide more momentum for the…
Rio Grande, Texas LNG Opponents Again File Lawsuit Challenging Project Authorizations
A group led by the Sierra Club has filed federal lawsuits challenging FERC’s decision earlier this year to reaffirm its approval of the Rio Grande and Texas LNG export projects as they continue a fight to stop the proposed facilities from advancing. The environmental group was joined by the city of Port Isabel and the…
Glenfarne Energy Unit Sanctioning Texas LNG This Year, with Lower-Carbon Export Ambitions
With one South Texas LNG export project set to be sanctioned by year’s end and a bevy of other ventures underway, Glenfarne Energy Transition LLC is finding its niche by tapping into the environmentally sensitive demands of potential overseas customers that want low-carbon energy. CEO Brendan Duval, who moved from Australia to the United States…
Texas Court Dismisses Port Isabel Case Against Rio Grande LNG, Texas LNG Leases
A potential obstacle to construct the proposed Rio Grande and Texas LNG facilities in South Texas has been cleared after an appellate court upheld a decision to dismiss a lawsuit over leases. The Thirteenth Court of Appeals, which serves the South Texas area, ruled that a trial court correctly dismissed a case against the Brownsville…
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…
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…
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.