Magnolia liquefied natural gas project, US
Name and Location
Magnolia liquefied natural gas (LNG) project, Louisiana, US.
Client
Magnolia LNG, a wholly owned subsidiary of Liquefied Natural Gas Limited (LNGL).
Stonepeak Partners is earning an estimated 50% stake in the project for contributing the full $660-million project equity requirement.
Project Description
The project involves the development of a midscale LNG facility of up to eight-million tonnes a year in the Port of Lake Charles, Louisiana, using LNGL’s OSMR technology.
The development will comprise four liquefaction trains, each capable of producing up to two-million tonnes a year of LNG.
Feed gas for the project will be sourced from the highly liquid US gas market. Gas will be delivered to the site through the Kinder Morgan Louisiana pipeline that traverses the 44 ha site.
Value
The indicative capital estimate for the project is $3.5-billion.
Duration
First LNG exports are planned for the second half of 2018.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Magnolia LNG, tel +1 337 656-9200 or email info@MagnoliaLNG.com.
LNGL, tel + 61 8 9366 3700, fax + 61 8 9366 3799 or email LNG@LNGlimited.com.au.
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