LNG

The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a takeover bid by a Singapore-based private company has been pushed back to mid-April, while its own temporary financing is not now forthcoming from a US equity and capital fund.

The Australian project developer of the US Magnolia export plant in Louisiana with an agreement to supply shipments to Vietnam is now likely to be taken over by a Singapore-based private company.