Magnolia LNG Acquired by Glenfarne

Magnolia LNG is a planned 8 mtpa LNG export terminal in Lake Charles, Louisiana. The Magnolia LNG projected has received Federal Energy Regulatory Commission (FERC) authorization to site, construct, and operate the proposed export facility. Magnolia LNG was previously owned by Liquefied Natural Gas Ltd. 

"Magnolia LNG is a well-known and high-quality project to which Glenfarne brings its funding, marketing, development and construction expertise to take it to Final Investment Decision, and then construct and operate the asset," said Brendan Duval, Founder and Managing Partner of Glenfarne. "We believe in the essential role that natural gas plays in the transition to a lower carbon world. The facility will provide clean, low-cost and reliable energy globally, and we are proud to support this critical infrastructure project."

The acquisition of Magnolia LNG increases Glenfarne’s LNG export capacity to approximately 12 mtpa, 4 mtpa of which comes from Texas LNG. Texas LNG is an export development project in Brownsville, Texas for which Alder Midstream, a subsidiary of Glenframe, is the majority owner and managing member.