Details revealed about new owner of proposed LNG project
New York-based investment platform Glenfarne Group LLC is the mystery buyer of a Houston company’s proposed liquefied natural gas project.
Liquefied Natural Gas Ltd. announced last week that it sold its flagship project, Magnolia LNG, to a newly formed entity called Magnolia LNG Holdings LLC for $2 million toward the end of May. That deal came on the heels of two other failed transactions and amid a restructuring of LNG Ltd., which is technically based in Australia but has had its executive team…
