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Liquefied Natural Gas Announces MLNG and VGS Sign HOA for Sales to KGLNGT Terminal in India

23 Jan 2017  |  09:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MLNG and VGS sign HOA for Sales to KGLNGT Terminal in India

Liquefied Natural Gas advised that its 100% owned subsidiary, Magnolia LNG has signed a Heads of Agreement (HOA) with Vessel Gasification Solutions in relation to the Magnolia LNG Project, in Lake Charles, Louisiana, US. The non-binding HOA provides for a 20-year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4mmtpa. The Company is an ASX listed company whose portfolio consists of 100% ownership of the following companies. Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an 8 mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA.

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