LNG

Mar 26 (LNGJ) - Magnolia LNG, the project being developed in the US state of Louisiana, by Australian company LNG Ltd., said it expected to begin building work in early 2016 and forecasts first LNG production in late 2018. LNG Ltd. Managing Director and Magnolia LNG President, Maurice Brand, said: "I am pleased with the solid progress by Magnolia. In order to assist Magnolia LNG management to ensure the timetable is realized, I will be relocating to Houston at the end of April 2015. This will also enable me to work more closely with the Houston‐based company Chief Financial Officer, Michael Mott on various corporate matters, including the dual share listing on the Australian Stock Exchange and the New York Stock Exchange."