magnolia

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
Louisiana LNG Project Lands New Buyer After Second Deal Falls Through

Louisiana LNG Project Lands New Buyer After Second Deal Falls Through

Liquefied Natural Gas Ltd. (LNGL) has lined up yet another deal to sell some assets after a transaction with Global Energy Megatrend Ltd. fell through this week.

May 28, 2020
Facing Cash Crunch, LNG Developer Sells Interest in Magnolia Export Project

Facing Cash Crunch, LNG Developer Sells Interest in Magnolia Export Project

LNG Ltd. (LNGL) said Tuesday it plans to sell its interest in a proposed liquefied natural gas (LNG) export project in Lake Charles, LA, to Global Energy Megatrend Ltd. for $2.25 million.

May 12, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

May 1, 2020
Magnolia LNG Developer Mulling Buyout by Singapore Firm

Magnolia LNG Developer Mulling Buyout by Singapore Firm

Citing “intense” competition in the race to export liquefied natural gas (LNG) and an urgent need to secure liquidity, Australia-based LNG Ltd. (LNGL) is considering a takeover offer from a private Singapore-based firm that would include two proposed projects for the Gulf Coast and Canada.

March 4, 2020
FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC staff has issued a final supplemental environmental impact statement (SEIS) for a proposal by Magnolia LNG LLC to increase to 8.8 million metric tons/year (mmty) the liquefied natural gas (LNG) production capacity of the previously authorized Magnolia LNG Project in Calcasieu Parish, LA.

January 27, 2020
FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC staff has issued a final supplemental environmental impact statement (SEIS) for a proposal by Magnolia LNG LLC to increase to 8.8 million metric tons/year (mmty) the liquefied natural gas (LNG) production capacity of the previously authorized Magnolia LNG Project in Calcasieu Parish, LA.

January 27, 2020

W&T Snaps Up Stakes in Deepwater Magnolia Field from ConocoPhillips

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.

December 24, 2019

Magnolia Boosting 2018 Production Guidance, Eyeing Second Rig in Giddings Field

Houston-based Magnolia Oil & Gas Corp. is raising its full-year 2018 production guidance to 53,000 boe/d from its previous 50,000 boe/d estimate, as a result of its strong results in South Texas, management said Tuesday.

November 14, 2018
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