Page 20 - GLNG Week 23

GLNG NEWS IN BRIEF GLNG

AMERICAS Investment Decision, and then construct process as a “virtual pipeline”. End-users of the
and operate the asset,” said Brendan Duval, gas are expected to be homes and businesses.
Glenfarne Group expands Founder and Managing Partner of Glenfarne. gas projects for other Marcellus operators
Edge has been working on similar stranded
“We believe in the essential role that natural
its commitment to LNG gas plays in the transition to a lower carbon in recent months, delivering the LNG it
produced to utilities in New England. The
world. The facility will provide clean, low-cost
sector with acquisition of and reliable energy globally, and we are proud company expects its deal with EXCO to
to support this critical infrastructure project.”
generate surplus LNG, beyond the scope of its
Magnolia LNG Alder Midstream, which focuses on building, agreement, allowing it to expand its customer
Glenfarne has two operating subsidiaries:
base.
Glenfarne Group, a developer, owner-operator owning and operating midstream assets in the “We are proud to be expanding our
and industrial manager of energy and investment-grade Americas, and EnfraGen, a footprint in the Marcellus, which we’ve
infrastructure assets, announced today it has developer, owner and operator of specialised identified as an important region given its
completed the acquisition of Magnolia LNG, power generation assets. The acquisition of large number of stranded wells,” Edge’s CEO,
an LNG export terminal development project Magnolia LNG increases Glenfarne’s LNG Mark Casaday, was reported as saying. “This
in Louisiana, USA, through Glenfarne’s newly export capacity to approximately 12 mtpa, deal is yet another example of how Edge
formed subsidiary Magnolia LNG Holdings. 4 mtpa of which comes from Texas LNG LNG is delivering value to operators, by
Magnolia LNG is an 8mn tonnes per Brownsville, LLC, a late-stage LNG export monetising wells that would otherwise remain
annum (mtpa) LNG export business that has development project in Brownsville, Texas for dormant, and helping to grow the domestic
completed the Federal Energy Regulatory which Alder Midstream is the majority owner LNG market in the US. In a challenging
Commission (FERC) permitting process. The and managing member. operating environment, we can help operators
115-acre project site sits on the Industrial GLENFARNE GROUP, June 09, 2020 by maximising the value of their assets and
Canal near Lake Charles in Southwest providing new sources of revenue. We have
Louisiana, and has a long-term Lease Option Edge LNG selected for a lot of interesting projects underway and
Agreement in place with the Lake Charles we expect to have our technology deployed
Harbor and Terminal District. Magnolia LNG Marcellus stranded gas and producing LNG in the Permian and the
is permitted to receive natural gas through the Bakken, in addition to the Marcellus, before
existing Kinder Morgan Louisiana Pipeline, project the end of this year.”
and will pretreat, liquefy and store the LNG The Cryobox liquefaction process was
onsite for domestic use and export. The EXCO Resources has contracted Edge LNG to created by Galileo Global Technologies and
Transaction also includes the acquisition of capture and liquefy gas from a stranded well is deployed exclusively by Edge in North
Magnolia LNG’s patented OSMR® liquefaction in the US’ Marcellus shale. Initial operations America. The company says Cryobox units
technology, a low-cost, highly efficient process at the site are reported to be already underway can be delivered to any site accessible by road.
configured to generate lower greenhouse gas and expected to continue until 2022. After set-up and safety checks, production can
(GHG) emissions than other conventional The project will entail Edge deploying begin within hours, with minimal investment
LNG processes. its mobile, truck-delivered LNG equipment and no need for pipeline infrastructure.
Magnolia LNG was previously owned by to the site. The equipment includes three
Liquefied Natural Gas Ltd., which is currently Cryobox liquefaction units, and additional
completing a corporate restructuring. units can be rapidly deployed if necessary. NextDecade issues market
“Magnolia LNG is a well-known and Edge will purchase the LNG from EXCO
high-quality project to which Glenfarne as well as producing it. This LNG will then fundamentals update and
brings its funding, marketing, development be sold and delivered to customers in the US
and construction expertise to take it to Final Northeast region via truck. Edge refers to the webcast

NextDecade today issued a market
fundamentals update and webcast, focused on
the global LNG and Texas oil and gas markets.
Over the course of the last several months,
the NextDecade team has conducted extensive
analysis of the global LNG and the Texas
oil and gas markets. This work has involved
data analysis from an array of resources and
interaction with a wide range of commercial
counterparts.
Our analysis confirms that, in any
COVID-19 recovery scenario, Texas will
require incremental LNG export capacity
to support projected natural gas production
growth. More specifically, we estimate the
Texas Gulf Coast may need up to 73 mtpa of
incremental LNG export capacity – equivalent
to 9.6 bcf/d – by 2030.

P20 www. NEWSBASE .com Week 23 12•June•2020