About Magnolia LNG Magnolia LNG is a newly formed, wholly owned subsidiary of Liquefied Natural Gas Limited. Headquartered in Perth, Australia, Liquefied Natural Gas Ltd. will join the potential Lake Charles project with its other facility in Fisherman's Landing, near the Port of Gladstone in Queensland, Australia. The Gladstone project also is a mid-scale production facility, capable of producing 3.8 million metric tons of liquefied natural gas annually.