By Adnan Bajic New York-based private energy and infrastructure development company Glenfarne Group confirmed it stands behind the acquisition of the Magnolia LNG project in Louisiana.
Courtesy of LNG limited
Glenfarne noted the acquisition of the project was completed through its newly formed unit Magnolia LNG Holdings.
Magnolia LNG is an 8 million tonnes per annum (mtpa) LNG export project that has completed the Federal Energy Regulatory Commission (FERC) permitting process.
The 115-acre project site sits 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.
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