LNG

Dec 20 (LNGJ) - LNG Ltd, the developer of the US Magnolia LNG export project in Louisiana, said it had extended the validity period of its current binding engineering, procurement, and construction contract through June 2019 with the joint venture comprising KBR of the US and South Korea’s SK Engineering and Construction. The EPC contract was first signed in November 2015. “Magnolia LNG continues to be well positioned to lead the next generation of US LNG export projects,” said LNG Ltd, noting that the venture was construction-ready, having secured equity financing and notice to proceed from regulators.