Glenfarne’s Magnolia LNG wins extension to build Louisiana plant

Glenfarne Group’s Magnolia LNG has secured a 5-year extension from the federal regulators to build its liquefaction and export plant in Louisiana.

US FERC’s previous approval for the LNG export project and related Kinder Morgan pipeline that will supply feed gas required the firms to build them by April 2021.

Under the new extension, Magnolia LNG and the pipeline would begin operations by April 15, 2026.

Glenfanre previously said that global market conditions such as the Covid-induced demand destruction have impacted Magnolia’s ability to secure long-term offtake contracts and achieve a final investment decision.

The firm plans to decide next year whether it would build the facility or not.

Magnolia has the “right size and scope”

To remind, New York-based industrial owner and operator Glenfarne has earlier this year acquired the 8.8 mtpa project with a four train mid-scale design from Australia-based LNG Limited.

“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.

Furthermore, Glenfarne has two operating subsidiaries: Alder Midstream, which focuses on building, owning, and operating midstream and LNG assets, and EnfraGen, a developer, owner, and operator of specialized power generation assets.

The firm’s total planned LNG export capacity stands at 12.8 mtpa including 4 mtpa from Texas LNG Brownsville, a FERC-permitted LNG export development project majority-owned by Alder Midstream.

- Advertisements -

Most Popular

Freeport LNG gets FERC approval to begin restart of Texas plant

Freeport LNG, the operator of the three-train 15 mtpa liquefaction plant in Texas, has secured approval from US FERC...

LNG tanker suffers rudder failure in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia suffered a malfunction of its rudder in the Suez Canal on Wednesday, but...

Shell delivers first carbon-neutral LNG cargo under GIIGNL’s framework

LNG giant Shell has delivered the ‎first carbon-neutral LNG cargo to Taiwan’s CPC Corporation using GIIGNL's framework for emissions. Back...

More News Like This

Glenfarne forms LNG and renewables unit

New York-based Glenfarne Group, the developer of two US LNG export projects, said it had formed a new unit...

Technip Energies and Samsung Engineering win Texas LNG gig

Glenfarne’s Texas LNG Brownsville, the developer of a 4 mtpa liquefaction plant, said it has appointed a joint venture...

Glenfarne eyes FID on its two US LNG export projects in 2022

New York-based Glenfarne Group is looking to take final investment decisions on two of its planned US LNG export...

US OKs additional LNG exports from Golden Pass and Magnolia

The US Department of Energy (DOE) said it has issued two long-term orders authorizing an additional 0.5 billion cubic...