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Liquefied Natural Gas extends Meridian offtake agreement

Liquefied Natural Gas (ASX:LNG) has advised that its wholly-owned project company, Magnolia LNG, and Meridian LNG Holdings Corp have agreed to further extend the financial close date condition precedent for Magnolia LNG from 31 December 2016 to 30 November 2017.

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Liquefied Natural Gas extends Meridian offtake agreement

LNG said all other provisions of the governing agreements not specifically amended by this extension remain in full force and effect.

The extension provides additional time for Magnolia LNG to finalise additional offtake agreements.

It also allows for a typical timeline to conclude both project equity and debt following the execution of offtake agreements.

Quick facts: Liquefied Natural Gas Ltd

Price: 0.043 AUD

ASX:LNG
Market: ASX
Market Cap: $24.8 m
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