Liquefied Natural Gas (LNG) Limited, has released a statement in response to an article published in ‘The Australian’ newspaper. The paper claimed the following:
"Liquefied Natural Gas Limited is set to announce it has appointed BNP Paribas to help it secure the US$ 1.54 billion (AU$ 1.68 billion) debt funding required for the company's Magnolia LNG project in Louisiana".
The company explained that it is in discussions with BNP Paribas in relation to the project finance advisor role for the Magnolia LNG project, and that any role will be subject to a fully termed mandate letter, which LNG Limited has yet to sign.
LNG Limited assured that the market would be advised of updates if and when a formal mandate letter is executed.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28112013/lng_limited_newspaper_response_503/