Magnolia LNG and Louisiana Governor Jindal Announce LNG Terminal Project in Lake Charles
Posted on Jan 18, 2013 in LNG Exports, State and Local Issues | Comments Off on Magnolia LNG and Louisiana Governor Jindal Announce LNG Terminal Project in Lake Charles
The Louisiana Economic Development agency reports that Louisiana Governor Bobby Jindal and Magnolia LNG announced the company’s plans to develop a $2.2 billion mid-scale LNG production and export facility at the Port of Lake Charles, La. The terminal will use Magnolia LNG’s patented Optimized Single Mixed Refrigerant (OSMR) process to produce LNG more efficiently with fewer emissions than other LNG processes. Maurice Brand, Magnolia LNG Managing Director and Joint Chief Executive Director, said that “Southwest Louisiana’s attractive infrastructure and strong workforce made Lake Charles an ideal location for our planned facility.” The company expects to make a final investment decision on the project in late 2014.