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Magnolia LNG extends offtake agreement with Meridian LNG

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LNG Industry,


Liquefied Natural Gas Ltd (LNG Ltd) has announced that its 100% owned project company, Magnolia LNG LLC, and Meridian LNG Holdings Corp. have agreed to further extend the financial close date condition precedent for Magnolia LNG from 31 December 2016 to 30 November 2017.

All other provisions of the governing agreements not specifically amended by this extension remain in full force and effect.

LNG Ltd Managing Director/CEO, Greg Vesey, said: “The extension of time with Meridian LNG provides additional time for Magnolia LNG to finalise additional offtake agreements and allows for a typical timeline to conclude both project equity and debt following the execution of offtake agreements.”

Read the article online at: https://www.lngindustry.com/liquefaction/06122016/magnolia-lng-extends-offtake-agreement-with-meridian-lng/

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