A request for a five-year extension to the deadline for completion of the Magnolia LNG export terminal in Louisiana, has been approved by the US Federal Energy Regulatory Commission (FERC).
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.
Glenfarne said Magnolia LNG, which is situated on a site on the Industrial Canal near Lake Charles will begin operations by 15 April 2026.
The companies blamed ‘unforeseeable developments in the global LNG market,’ including a global oversupply of LNG, disruptions in the China-US LNG trade and the ongoing COVID-19 pandemic, which affected the terminal’s ability to secure offtake contracts.
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