LNG

Oct 6 (LNGJ) - LNG Ltd, the Australian-based company developing two LNG export projects in North America, the Magnolia project in Louisiana and the Bear Head venture in Nova Scotia, Canada, has suspended moves to redomicile the company in the US. “The board’s decision allows management to maintain its focus on marketing the offtake at Magnolia LNG and Bear Head LNG, to concentrate on opportunities to create additional long-term value for shareholders and to strengthen liquidity,” said Chief Executive Greg Vesey. “The board and the company’s management team are continuing to monitor market conditions to potentially re-engage on the redomiciling efforts at an optimal time for the company,” added the CEO.