LNG

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.

Australia-listed Liquefied Natural Gas Ltd, and its Magnolia LNG project in the US state of Louisiana, has agreed to supply cargoes to new terminal in Vietnam planned for the Mekong Delta as part of a gas-to-power project.