Lake Charles LNG Projects Needs Another 5 Years To Build
Developers of the 8.8-mtpa Magnolia LNG export terminal in Lake Charles, Louisiana, requested another 5 years from the Federal Energy Regulatory Commission (FERC) to bring the project on line due to unexpected market conditions.
Both the Glenfarne Group and Kinder Morgan Louisiana Pipeline (KMLP) requested an extension to 15 April 2026 for completion of the project. FERC originally set a deadline of 15 April 2021 to complete the project.
“Despite Magnolia LNG’s diligent efforts to develop the Magnolia LNG Project, global market conditions have impacted the Magnolia LNG’s ability to secure long-term offtake contracts and achieve a final investment decision [FID]),” said Magnolia LNG in its request to FERC.
KMLP’s construction of the project depends on the FID for the Magnolia LNG Project.
KMLP plans to deliver 1.4 Bcf/D of natural gas to the LNG project.
The request comes 3 months after Glenfarne Group acquired Magnolia LNG from Australian-based LNG Ltd.
China Planning Railway To Transport Vaca Muerta Production
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project.
Keystone XL Operator TC Energy Will Have a New Top Boss in 2021
One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
US DOE To Fund Sodium-Ion Battery and Methane-Detection Development
Natron Energy aims to scale up domestic manufacturing of sodium-ion batteries , and Bridger Photonics will target the operational efficiency for leak detection and emissions tracking.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
11 September 2020
21 September 2020
22 September 2020
17 September 2020
16 September 2020