LNG

Dec 31 (LNGJ) - The main utility company in the former Yugoslav state of Montenegro, Elektro Privreda Crne Gore (EPCG), has signed a memorandum of understanding with Singapore-based LNG Alliance on LNG-for-power with prospects of a project emerging and comprising an LNG import terminal and two gas-fired power plants.

   “EPCG is working intensively on building partnerships with credible partners, whose participation would enable the implementation of planned investments,” said a statement. The MoU signatory for EPCG was Executive Director Nikola Rovčanin and LNG Alliance Chief Executive Muthu Chezhian signed for the Singaporean firm.

The US Magnolia LNG export project in Louisiana, which recently agreed to supply cargoes to a new terminal in Vietnam planned for the Mekong Delta, has agreed to extend its negotiating time and seek a full sales agreement to be signed by the end of May 2020.