Magnolia LNG LLC
Magnolia LNG LLC is a joint venture of Stonepeak Infrastructure Partners and Liquefied Natural Gas Limited to jointly develop, construct and operate the Magnolia LNG export facility. Once completed, the mid-scale project will use a thermally efficient LNG process technology to produce up to eight million tons of LNG per year. The Magnolia LNG export facility will receive natural gas via an existing pipeline and process LNG for delivery to domestic and export markets. Long-term, take-or-pay contracts with high-credit counterparties will generate stable, predictable cash flows with no commodity price exposure. The project is expected to reach financial close by mid-2016, with commercial operations expected early-2019.