Glenfarne gets five-year extension for Magnolia LNG
Glenfarne Group said that its recently acquired Magnolia LNG project in Lake Charles, Louisiana has received a five-year permit extension from the Federal Energy Regulatory Commission (FERC).
Per the extension, 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, Glenfarne said in its statement.
“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.
Vlad Bluzer, managing director of Glenfarne and president of Magnolia LNG, added that coming only a few months after the acquisition of Magnolia LNG, this extension approval is an important early milestone in the development plan.
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.
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.
Glenfarne’s total LNG export capacity is approximately 12.8 mtpa: 8.8 mtpa from Magnolia LNG and 4.0 mtpa from Texas LNG Brownsville, a FERC-permitted LNG export development project in Brownsville, Texas, majority-owned by Alder Midstream.