Only Subscribers can read the full Article. New York-based investment platform Glenfarne Group LLC is the mystery buyer of a Houston company's proposed liquefied natural gas project. GLENFARNE GROUP Glenfarne Group Expands Its Commitment to LNG Sector With Acquisition of Magnolia LNG Jun 10, 2020 Electric Energy Magnolia LNG is an 8 million tonnes per annum (mtpa) LNG export business that has completed the Federal Energy Regulatory Commission ("FERC ") permitting process. “Since becoming majority owner and Managing Member of Texas LNG in 2019, Alder Midstream, and its parent the Glenfarne Group, have worked diligently with the Texas LNG team and local stakeholders, including the Port of Brownsville to advance development of the project,” said Vlad Bluzer, Managing Director of Glenfarne Group. Liquefied Natural Gas … The transaction was signed and closed on May 26th, 2020 for a cash price of US $2.0 million. Glenfarne Group, LLC (Glenfarne), an investor, developer, owner, and operator of energy and infrastructure assets, announced today that its recently acquired Magnolia LNG export terminal development project located in Lake Charles, LA has received a five-year permit extension from the Federal Energy Regulatory Commission (FERC). 1273 Midland, Texas, 79706, United States. The information and materials are not warranted or guaranteed to be correct, complete or up-to-date. 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). If the company decides to build the projects, they could enter service around 2025. Magnolia LNG’s acquisition increases Glenfarne’s liquefied natural gas export capacity to about 12mtpa. 'Since becoming majority owner and Managing Member of Texas LNG in 2019, Alder Midstream, and its parent the Glenfarne Group, have worked diligently with the Texas LNG team and local stakeholders, including the Port of Brownsville to advance development of the project,' said Vlad Bluzer, Managing Director of Glenfarne Group. Glenfarne seeks five more years to build Louisiana Magnolia LNG export plant. It is also developing the Wheatstone liquefied natural gas development in Western Australia. Glenfarne Group LLC has completed acquisition of the planned 8-million tonne/year (tpy) Magnolia LNG liquefaction plant near Lake Charles, La. Glenfarne has said it expects to decide late next year whether to build the Magnolia plant and the Texas LNG facility it is developing in Texas. Glenfarne Group, LLC ("Glenfarne"), a developer, owner-operator and industrial manager of energy and infrastructure assets, announced today it has completed the acquisition of Magnolia LNG (the "Transaction"), an LNG export terminal development project in Louisiana, USA, through Glenfarne Additional information about the Texas LNG Project may be found on its website at www.txlng.com.About Glenfarne Group Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile and Bogota, Colombia. Per the extension, Magnolia LNG will begin operations … Courtesy of Magnolia LNG. Launched in 2011, Glenfarne is the brainchild of Brendan Duval, a soft-spoken Australian who holds degrees is robotics engineering, accounting and economics. Glenfarne Group, LLC ("Glenfarne"), a developer, owner-operator and industrial manager of energy and infrastructure assets, announced today it has completed the acquisition of Magnolia LNG (the "Transaction"), an LNG export terminal development project in Louisiana, USA, through Glenfarne’s newly formed subsidiary Magnolia LNG Holdings, LLC. FERC approval granted to Glenfarne Group for new Magnolia LNG extension Magnolia LNG Holdings, which is a subsidiary of Glenfarne Group and Kinder Morgan, filed joint documents with FERC in September requesting that the completion date for the 8.8 million tpa terminal and the Kinder Morgan pipeline that will supply feed gas, be extended from April 2021 to April 2026. It acquired the LNG export terminal development project in Lake Charles through its newly formed subsidiary, Magnolia LNG Holdings LLC. The acquisition of Magnolia LNG increases Glenfarne’s LNG export capacity to approximately 12 mtpa, 4 mtpa of which comes from Texas LNG Brownsville, a late-stage LNG export development project in Brownsville, Texas for which Alder Midstream is … Glenfarne is a privately held energy and infrastructure development and management firm based in New York City. Alder Midstream is pleased to announce that Texas LNG received authorization from the Federal Energy Regulatory Commission (FERC) on November 21, 2019 to site, construct and operate an LNG export facility along the Brownsville Ship Channel in Brownsville, Texas. The 115-acre project site sits on the Industrial Canal near Lake Charles in Southwest … Units of Glenfarne Group LLC and Kinder Morgan Inc have asked federal regulators for five more years to complete the Magnolia LNG export plant and associated gas pipeline expansions, according to filings. Magnolia LNG is an 8 million tonnes per […] Glenfarne is also the majority owner of the 4 mmty Texas LNG project in Brownsville, TX. The Texas Fuel Company was renamed the Texas Company, and later renamed Texaco. The information and materials on this website are provided for informational purposes only and are subject to addition, deletion and modification without notice at the sole discretion of Texas LNG LLC and Texas LNG Brownsville LLC. Glenfarne Group LLC, a New York developer, owner-operator and industrial manager of energy and infrastructure assets, revealed itself last week as the new owner of Magnolia LNG. Magnolia LNG new owner revealed as Texas LNG affiliate Glenfarne Group Publication date: 09 June 2020 Gas Strategies Group 10 Saint Bride Street London UK EC4A 4AD ISSN: 0964-8496 T: +44(0) 20 7332 9900 W: www.gasstrategies.com Twitter @GSInfoServices Editorials +44(0) 20 7332 9957 editor@gasstrategies.com Subscriptions +44(0) 20 7332 9976 subscriptions@gasstrategies.com; Magnolia LNG … LNG, North America. Each unit can produce approximately 10,000 gallons (15 metric tons) of LNG per day, directly from the well or flare. Samsung Engineering is also taking part in the LNG project through a minority stake. Download. “Texas LNG still faces legal challenges at the federal level, and we are determined to ensure that it is never built.” Texas LNG is majority-owned by Glenfarne Group’s affiliate Alder Midstream. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that … 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 projects, and is not prioritizing either project over the other, … Glenfarne Group acquires Magnolia LNG project in Louisiana Magnolia LNG is a ‘well-known and high-quality project’ that Glenfarne plans to develop due to the ‘essential role’ played by natural gas in the transition to a lower carbon world . 11 Jun 2020; News; Eric Watkins @EricWatkins_ Eric.Watkins@informa.com. Magnolia LNG new owner revealed as Texas LNG affiliate Glenfarne Group . “Since becoming majority owner and Managing Member of Texas LNG in 2019, Alder Midstream, and its parent the Glenfarne Group, have worked diligently with the Texas LNG team and local stakeholders, including the Port of Brownsville to advance development of the project,” said Vlad Bluzer, Managing Director of Glenfarne Group. Nearly 4mtpa of the total export facility comes from Texas LNG Brownsville, which is a late-stage LNG export development project in Brownsville, Texas. TEXAS LNG, SUBSIDIARY OF GLENFARNE GROUP AND ALDER MIDSTREAM, ANNOUNCES LONG-TERM LEASE WITH THE PORT OF BROWNSVILLE Houston, Texas, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Texas LNG Brownsville LLC (“Texas LNG”) has entered into a long-term lease agreement with the Port of Brownsville, successfully securing the Texas LNG export project site for up to 50 years. Galileo Technologies is both an investor and exclusive technology partner to Edge LNG. The new office will be at 6412 S County Rd. Houston, Texas, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Texas LNG Brownsville LLC (“Texas LNG”) has entered into a long-term lease agreement with the Port of Brownsville, successfully securing the Texas LNG export project site for up to 50 years. Texas LNG is strategically located at one of the closest ports to the Panama Canal. Glenfarne’s midstream infrastructure division, Alder Midstream LLC, owns the stakes in both LNG … After stints as CEO of several direct-investment infrastructure businesses, Duval looked to acquire, manage and operate energy and … The acquisition of Magnolia LNG increases Glenfarne’s LNG export capacity to approximately 12 mtpa, 4 mtpa of which comes from Texas LNG Brownsville, LLC, a late-stage LNG export development project in Brownsville, Texas for which Alder Midstream is the majority owner and Managing Member. Glenfarne Group, LLC (Glenfarne) announced today it has completed the acquisition of Magnolia LNG through Glenfarne’s newly formed subsidiary Magnolia LNG Holdings, LLC. lng_article; gm_article; gm_today_article; Printer-friendly version. Per the extension, Magnolia LNG will begin operations of the terminal by April 15, 2026.

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