USLNG News Posts in
"Magnolia LNG"

Glenfarne Group
June 29, 2020

Glenfarne Eyeing FIDs in 2021

Glenfarne Sees Magnolia LNG and Texas LNG FIDs Next Year (NGI) Ron Nissimov (June 29): New York City-based Glenfarne Group hopes to fund both of its USLNG export projects (Texas LNG and Magnolia LNG) by the end of 2021, founder Brendan Duval told NGI… A Glenfarne division, Alder Midstream, owns the stakes in both LNG […]

June 22, 2020

KBR to Exit LNG Business

KBR: To Exit LNG and Other Energy Projects (Reuters) Jennifer Hiller (June 22): KBR will exit most of its LNG construction and other energy project… The company will refocus on government contracts and technology businesses, CEO Stuart Bradie wrote to employees on Mon. (June 22). It will “no longer engage in lump sum, blue collar […]

Magnolia LNG
May 26, 2020

Magnolia LNG Sold

Magnolia LNG: GEM Deal Falls Through… Company Sold to “Magnolia Holdings LLC” Maya Weber (May 26): The sale of Magnolia LNG to a privately held energy infrastructure firm failed to come through last week, but a new purchaser emerged for the struggling Louisiana export project. According to a statement Tues. (May 26) by LNG Ltd. […]

Magnolia LNG
May 12, 2020

Magnolia LNG Sold to GEM

Company Sold to Global Energy Megatrend (Acadiana Advocate) Kristen Mosbrucker (May 12): The Magnolia LNG project near Lake Charles has been sold the operation to a British business with an office in Lafayette, Louisiana. Global Energy Megatrend Ltd. is expected to pay $2.25 million to LNG Ltd. in a deal slated to close on May […]

LNG Limited
May 1, 2020

LNG Ltd. Under Administration

Administrators Appointed, Directors Resign (News Release) Three individuals from PricewaterhouseCoopers Australia were appointed joint and several voluntary administrators of LNG Ltd. on April 30, are reviewing the Company’s business and assets, and will be in contact with creditors shortly. Michael McAnearney, Richard Beresford, Gregory Vesey, and Michael Steuert resigned as directors. [Status of Magnolia LNG […]

LNG Limited
April 14, 2020

LNG9 Financing for LNG Ltd. Fails

Singapore Company’s Bid for LNG Limited Fails to Get Financing (Chron) Sergio Chapa (April 14): A $75 million bid to buy LNG Ltd. has been put on hold because…  First Wall Street Capital Corp. wouldn’t provide funding to LNG9 for the deal. LNG Ltd. said late Mon. (April 13) that LNG9 will continue to seek […]

LNG Limited
January 27, 2020

FERC Issues Magnolia EIS

FERC Issues Supplemental FEIS (NatGas Intel, Subscription) Magnolia LNG received its Supplemental Final EIS from FERC (Jan. 27) to increase Magnolia LNG’s capacity to 8.8 mtpa. The increased production capacity would be achieved through the optimization of the final design, including additional and modified process equipment, according to FERC. All new or reconfigured facilities would […]

LNG Limited
November 13, 2019

LNG Limited CEO on Gas

Vesey Says Natural Gas Will Be a Big Player for the Foreseeable Future (CNBC Video) Greg Vesey of LNG Limited (developer of the Magnolia LNG project in Louisiana) says, if natural gas is a bridge fuel, it’s going to be a “really long bridge.” Link to Content

Magnolia LNG
October 11, 2019

Magnolia and Delta Offshore Extension

Magnolia LNG Term Sheet Date with Delta Offshore Extended LNG Limited announced that its 100% owned project company, Magnolia LNG and Delta Offshore Energy have agreed to extend the validity date of their agreed upon non-binding term sheet until July 1, 2020 by entering into an amended and restated memorandum of understanding. The parties also […]

September 27, 2019

Magnolia Gets NEPA Document

FERC Issues Supplemental EIS for Incremental Capacity The staff of the Federal Energy Regulatory Commission (FERC) has prepared a draft supplemental environmental impact statement (EIS) for the Magnolia LNG Production Capacity Amendment (from 8.0 mtpa to 8.8 mtpa) proposed by Magnolia LNG. Comments are due by Nov. 18.

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