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.

The Vietnamese province of Bac Lieu held a ceremony to hand over an  investment permit to Singapore-based Delta Offshore Energy to develop a $4-billion power project on the Mekong Delta fuelled by imports of liquefied natural gas from the US state of Louisiana.