Stonepeak Partners, an investment firm has invested $1.5bn in Magnolia LNG, liquefied natural gas facility constructor and operator. “Stonepeak is a longterm and valued partner in our project, and we are pleased to continue this relationship. This announcement signals a strong message to the LNG industry about our shared confidence in the virtues and advantages of the Magnolia LNG project as we continue our focus on finalizing offtake agreements and moving toward a final investment decision (FID).” Greg Vesey Managing Director and Chief Executive Officer.