US-China trade war delays LNG Limited Magnolia LNG project
Published by Will Owen,
Editor
LNG Industry,
According to Reuters, LNG Limited has announced that it is delaying its decision on whether to proceed with its US-based Magnolia LNG facility due to uncertainty created by the US-China trade war.
LNG Limited had reportedly been aiming to make a final investment decision (FID) on the proposed Magnolia LNG facility by the end of 2018, however this decision has been delayed until early 2019. The postponement was made necessary by the company encountering difficulties in securing customers in China, in light of the US-China trade war.
LNG Limited shares have fallen 29% as a result of this delay.
Magnolia LNG is designed to produce 8 million tpy of LNG.
Read the article online at: https://www.lngindustry.com/liquefaction/29102018/us-china-trade-war-delays-lng-limited-magnolia-lng-project/
You might also like
Avenir LNG and Eni sign agreement for the multi-year charter
Avenir LNG Ltd has signed a time charter party with LNG Shipping S.p.A., a 100% subsidiary of Eni S.p.A., for one of the company’s 7500 m3 LNG bunker vessels, the Avenir Aspiration.