Glenfarne’s Magnolia LNG Receives FERC Permit Extension, Lousiana
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Glenfarne Group recently acquired Magnolia LNG export terminal development project located in Lake Charles, Louisiana. The company has received a five-year permit extension from the Federal Energy Regulatory Commission (FERC). Magnolia LNG will begin operations of the terminal by April 15, 2026. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that will supply feed gas to Magnolia LNG.
“At 8.8 million tonnes per annum from a four train mid-scale design, we believe Magnolia LNG has the right size and scope to best compete in the current and future LNG market and is well-positioned to meet global demand starting in the middle of this decade,” said Brendan Duval, founder and managing partner of Glenfarne.
“Our LNG customers will transact with Magnolia LNG knowing they will receive LNG from one of the lowest-cost, most reliable, and most efficient terminals on the U.S. Gulf Coast,” added Duval.
“Coming only a few months after our acquisition of Magnolia LNG, this extension approval is an important early milestone in our development plan, and it underscores our focused commitment and belief in the project,” said Vlad Bluzer, managing director of Glenfarne and president of Magnolia LNG Holdings.
Magnolia LNG sits on a 115-acre project site on the Industrial Canal near Lake Charles in Southwest Louisiana and has a long-term lease option agreement in place with the Lake Charles Harbor and Terminal District. Magnolia LNG is permitted to receive natural gas through the existing Kinder Morgan Louisiana Pipeline and will pretreat, liquefy and store the LNG onsite for domestic use and export. Magnolia LNG will utilize the patented OSMR® liquefaction technology, a low-cost, highly efficient process configured to generate lower greenhouse gas (GHG) emissions than other conventional LNG processes.
About Glenfarne Group
Glenfarne is a privately held energy and infrastructure investment, development, and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile; Bogota, Colombia; and Dallas, Texas. Glenfarne’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets.
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