LNG Ltd, the developer of two North American LNG export projects, said it had agreed to extend the financial closing date for an offtake agreement with Meridian LNG Holdings Corp., the owner of an import venture proposed for offshore Cumbria in northwest England.
Australian developer LNG Ltd has formally extended its turn-key engineering and construction contract for the Magnolia LNG export venture in Louisiana by six months until the end of 2018 as it seeks to finalize supply agreements with customers.
LNG Ltd, the Australian-based developer of the Magnolia LNG project in Louisiana and the Canadian Bear Head venture in Nova Scotia, is taking a Chinese investor on board in a share placement transaction.
Australia-listed LNG Ltd said it was in a strong competitive position in the mid-scale industry with two North American projects close to construction, Magnolia LNG in Louisiana and Bear Head LNG in the Canadian province of Nova Scotia, and key decisions could be expected in 2018.
LNG Ltd, the Australian-listed developer of two liquefied natural gas export projects in North America, said in its latest quarterly report that it was concentrating on securing volume buyers from its planned Magnolia liquefaction and export plant in Louisiana and was making progress on Bear Head LNG in the East Coast Canadian province of Nova Scotia.
LNG Ltd, the developer of two North American LNG export projects, said it had agreed to extend the financial closing date for an offtake agreement with Meridian LNG Holdings Corp., the owner of an import venture proposed for offshore Cumbria in northwest England.
Australian project developer LNG Ltd said New York-based fund Stonepeak Partners is continuing its support for the Magnolia LNG export project in Louisiana after amending its original commitment agreements.
Australian company LNG Ltd said it was no longer proceeding with its plans for a coal-seam-gas-to-LNG project at the Fisherman’s Landing site it acquired at the Port of Gladstone in the eastern Australian state of Queensland where three other plants are in operation.
The US Magnolia LNG export project in Louisiana said it had received a Notice to Proceed (NTP) from the Federal Energy Regulatory Commission, opening the way for preparation work to begin on the site for the liquefaction plant on the Calcasieu Shipping Channel near the Port of Lake Charles.
Australian company LNG Ltd, developer of two North American liquefaction plants in the US state of Louisiana and Nova Scotia in Canada, has named Gregory M. Vesey from US major Chevron Corp. to replace founder Maurice Brand as Managing Director and Chief Executive based in Houston, Texas.