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. 

LNG Ltd administrators go to Supreme Court LNG Ltd administrators go to Supreme Court LNG Ltd administrators go to Supreme Court LNG Ltd administrators go to Supreme Court LNG Ltd administrators go to Supreme Court

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.