logo-loader
viewLiquefied Natural Gas Ltd

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.

shutterstock_428403064_585713995b574.jpg
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: 0.12 AUD

ASX:LNG
Market: ASX
Market Cap: $69.2 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Alkane Resources hits almost 700 metres of mineralisation in...

Alkane Resources Ltd (ASX:ALK) managing director Nic Earner updates Proactive on follow-up drill results from the Boda prospect within the wider Northern Molong Porphyry Project (NMPP) near Orange in New South Wales. The drilling is part of a 5,000-metre diamond core drilling exploration...

15 hours, 42 minutes ago

2 min read