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MARKETS

LNG Ltd administrators go to Supreme Court

LNG Limited’s administrators PwC are applying for judicial advice before beginning a process to either recapitalise the company and its remaining subsidiaries or to sell off its remaining assets to pay creditors and, if there are funds remaining, compensate shareholders. 

Helen Clark
A schematic of the planned Magnolia facility

A schematic of the planned Magnolia facility

  LNG Ltd had high hopes in the early 2010s of riding the US shale wave to set up an LNG export facility in Louisiana, called Magnolia. The project never reached sanction, and fell into administration...

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