Dec 27 (LNGJ) - LNG Ltd., the Australian-listed developer of the Magnolia LNG export plant in Louisiana, said it was grateful to the Vietnamese government for including Delta Offshore Energy’s LNG-to-power project in the Asian nation’s latest Power Development Plan.
The approval clears the way for Delta Offshore to negotiate and finalize a 25-year power purchase agreement to underpin its LNG-to-power project in Vietnam’s Bac Lieu Province. It also empowers the Magnolia LNG export venture to finalize a binding sale and purchase agreement for delivery of 2 million tonnes per annum of US LNG to Vietnam.
