LNG

The mystery buyer of the Magnolia LNG export project near Lake Charles in Louisiana has come out from cover after a deal with London-based Global Energy Megatrend Ltd. fell through at the last minute and it was finally bought by a Delaware-based entity.

Global Energy Megatrend Ltd., the new owner of the US Magnolia LNG export project, counts among its six named directors, Lord Peter Lilley, a former UK Conservative government minister under Margaret Thatcher and John Major.