LNG

LNG Ltd., developer of two North American export projects and with a site in Australia to build a coal-seam-gas-to-LNG plant, has announced staff reductions as it aims to reduce fixed costs before its ventures come on stream.

Australian developer LNG Ltd has formally extended its final turn-key engineering and construction contract for the Magnolia LNG export venture in Louisiana by eight months as it seeks to finalize capacity agreements with customers.

The Australian LNG project developer of the medium-scale Magnolia export venture near Lake Charles, Louisiana, said it received its final permits from the US regulators.

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.