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LNGL participates in US trade mission to Southeast Asia

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LNG Industry,

Liquefied Natural Gas Ltd (LNGL) has announced that it has been chosen to participate in a US Business Development Trade Mission to Thailand, Indonesia and Vietnam led by US Secretary of Commerce Wilbur Ross from 3 – 8 November 2019, including attendance at the Indo-Pacific Business Forum in Bangkok.

According to the statement, the aim of the mission is to accelerate US commercial activity in Southeast Asia in LNG and other industries, supporting job creation and export opportunities for US-based companies and projects, to meet the region’s needs for economic growth and development.

LNGL Managing Director and Chief Executive Officer, Greg Vesey, and Chief Development Officer, Joe B’Oris, will both be part of Secretary Ross’ delegation, participating in a wide range of government and business-to-business meetings and discussions. As part of the mission, LNGL claims it will do the following:

  • Promote Magnolia LNG’s benefits to potential Southeast Asian customers, thereby advancing commercial discussions.
  • Encourage continued movement of US LNG into Southeast Asia beyond the existing memorandum of understanding (MoU) between LNGL and Delta Offshore Energy (DeltaOE), pursuant to which the parties agreed to negotiate and agree a binding sale and purchase agreement to sell 2 million tpy of US LNG from Magnolia into the Bac Lieu Province in Vietnam.
  • Bring visibility to the DeltaOE project and the project’s US partners (including LNGL).

Greg Vesey said: “It is an honour to be chosen to accompany Secretary Ross and other business leaders in seeking to increase US LNG exports into Southeast Asia.

“Thailand and Vietnam, in particular, have significant growth potential in LNG and this trade mission gives us the opportunity to continue our discussions with key decision-makers across the gas value chain as we seek to sell the remainder of Magnolia’s capacity.”

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