Glenfarne Group’s Magnolia LNG Project Receives Non-FTA Approval Permit from U.S. Department of Energy for Capacity Increase

Glenfarne, owner of the FERC and DOE permitted Magnolia LNG and Texas LNG export projects, today announced the United States Department of Energy has increased Magnolia LNG’s authorization to export an additional 0.8 MM tons per annum of U.S.-sourced LNG to any country with which the United States has not entered into a Free Trade Agreement and with which trade is not prohibited by United States law or policy.

This approval permits Magnolia to export its total volume of 8.8 MTPA of LNG to non-FTA Countries.

”Magnolia LNG is pleased by this decision, which will support our nation's efforts to contribute to global energy security and the energy transition at this critical time,” said Vlad Bluzer, Managing Director of Glenfarne Group, LLC and President of the company’s LNG business. “We thank the Department of Energy and all our industry, regulatory, and other supporters for their continued enthusiasm and efforts on our behalf.”

Final investment decisions on both Magnolia LNG and Texas LNG will accelerate the supply of additional LNG capacity to the global market at a time when significant volumes are needed due to geopolitical disruptions and the increasing demand for cleaner energy sources. Glenfarne remains committed to furthering the energy transition through investments in responsible energy infrastructure worldwide.

Glenfarne’s CEO and Founder, Brendan Duval, commented: “Magnolia LNG has a stated FID target of 2023 intended to meet Glenfarne’s internal LNG import terminal projects’ demand. However, based on Magnolia’s fully permitted position, engineering status, and current market dynamics, we have fielded inquiries to announce FID in 2022, which we are seriously considering.”

Texas LNG remains on track for an FID in 2022.

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