LNG

Meridian and LNG Ltd extend offtake agreement

Australia’s LNG Ltd and Meridian LNG Holdings have agreed to extend the financial close date of an LNG offtake agreement
By Staff reporter 25 June 2018 0 31454

Australia’s LNG Ltd and Meridian LNG Holdings have agreed to extend the financial close date of an LNG offtake agreement signed three years ago until the end of September, LNG Ltd said on Monday.

The agreement, signed in July 2015, was a 20-year deal for 2 mtpa from LNG Ltd’s proposed Magnolia plant in the United States.

“This three-month extension continues to allow both parties to maintain commercial flexibility,” LNG Ltd said.