LNG

Magnolia LNG in US delays FID over trade tensions with China

LNG Ltd. is delaying an FID on its 8 mtpa Magnolia LNG export project in the United States because of the US-China trade tensions.
By Staff reporter 29 October 2018 0 33094

LNG Ltd. is delaying an FID on its 8 mtpa Magnolia LNG export project in the United States because of the US-China trade tensions, the company said on Monday.

“Earlier this year, we stated our target to make [an FID] by the end of the 2018 calendar year. We made that statement prior to the trade tensions that have manifested over the past months, which have caused headwinds for LNG transactions,” said Chief Executive Gregory Vesey.

The company is now targeting...