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Leadership

Magnolia LNG

Magnolia LNG LLC, a wholly owned subsidiary of LNGL, is developing an 8 mtpa or greater LNG export terminal in Lake Charles, Louisiana, USA. The project site is on 115 acres adjacent to the Calcasieu Ship Channel, an established shipping channel in the Lake Charles District, State of Louisiana.

The project plan includes development of four LNG production trains of 2 mtpa each. They will employ the Company’s wholly owned and patented OSMR® LNG process technology. A joint venture between KBR and SKE&C is undertaking EPC contracting efforts for Magnolia LNG, with KBR leading the joint venture team. The project will be constructed under a fixed price, turnkey EPC contract.

Feed gas supply will come from the highly liquid US Gulf Coast gas market via several gas suppliers. Gas supply will be delivered to the site via the Kinder Morgan Louisiana Pipeline (KMLP). Magnolia LNG has entered into a 20-year binding pipeline capacity agreement with Kinder Morgan Louisiana Pipeline LLC to deliver gas to the site for the full 8 mtpa of the project.

The Magnolia LNG project received its FERC issued Order on April 15, 2016. It is now progressing through the FERC led statutory rehearing process having a timeline of up to 4 months from the Order date. Following this process, Magnolia LNG will seek its non-free trade agreement approval from the US Department of energy (DOE) DOE. A final investment decision is expected upon execution of sufficient offtake agreements to support financing.

Magnolia LNG signed a binding agreement with Meridian LNG Holding Corp for firm capacity rights for up to 2 mtpa on 22 July 2015, and extended this agreement on 1 February 2016.  Magnolia LNG continues negotiations with a number of other LNG buyers for the purchase of LNG on 20-year terms (with extension options). LNG buyers contract for liquefaction services under two contract models – a Liquefaction Tolling Agreement, whereby the LNG export terminal is only responsible for processing natural gas into LNG, and an LNG Sales and Purchase Agreement under which the customer buys LNG on a free on board basis (FOB).

 

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Leadership

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Project Site and Mapping

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Site Rendering

Magnolia LNG's terminal site and design rendering View Magnolia LNG's terminal site and design rendering