LNGL mulls Magnolia fast-track

LIQUEFIED Natural Gas Ltd has flagged developing its Magnolia LNG plant at Lake Charles District, Louisiana, at the full eight million tonnes per annum out of the block based on high levels of interest in its gas.

LNGL this morning signed a binding agreement with Meridian LNG Holdings Corporation for a firm gas supply of up to two million tonnes per annum of LNG from its proposed LNG.