LNG Limited, Meridian LNG extend offtake deal

LNG Limited, Meridian LNG extend offtake deal
Magnolia LNG project rendering (Image courtesy of LNG Limited)

Liquefied Natural Gas Limited, the Perth-based developer of the Magnolia LNG project, extended the financial close date for legally binding offtake deal with Meridian LNG Holdings to March 31, 2018.

All other provisions of the governing agreements not specifically amended by this extension remain in full force and effect, LNG Limited said in a statement on Monday.

LNG Limited’s agreement with Meridian LNG was signed on July 23, 2015, and included firm capacity rights at Magnolia for up to 2 million tons per annum (mtpa) for an initial term of 20 years with an option to extend by a further five years.

The Magnolia LNG project being developed in the Port of Lake Charles, Louisiana, will have a liquefaction capacity of 8 million tons per annum.

LNG Limited is also developing the Bear Head LNG project with the capacity of 8 mtpa in Richmond County, Nova Scotia, Canada with potential for further expansion.

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >