LNG sells flagship asset for $2.25M

LNG Limited will sell its flagship asset, the planned Magnolia LNG export terminal, to fund group Global Energy Megatrend for US$2.25 million with PwC acting as administrators. 

LNG sells flagship asset for $2.25M LNG sells flagship asset for $2.25M LNG sells flagship asset for $2.25M LNG sells flagship asset for $2.25M LNG sells flagship asset for $2.25M

Administrators get work on failed LNG export hopefu

It signed a binding sale agreement for its interest in the subsidiary that owns and operates the Magnolia LNG project, including Pecan Inc, LNG Management Services and LNG Technology.