CORRECTED-LNG Ltd to supply gas to Vietnam from Louisiana project [Reuters]
Liquefied Natural Ga (LNGLY)
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lnglimited.com.au
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Source: Reuters
CORRECTED-LNG Ltd to supply gas to Vietnam from Louisiana project - Reuters 2 Min Read (Corrects size of combined-cycle power plant in second paragraph to 3,200-megawatt, not 32,000-megawatt) Sept 16 (Reuters) - Australia-listed Liquefied Natural Gas Ltd said on Monday it signed a deal with a province in Vietnam to supply liquefied natural gas (LNG) from its Louisiana-based Magnolia project. The Vietnam project includes an LNG import terminal, and a 3,200-megawatt combined-cycle power plant in the coastal province of Bac Lieu, where the Houston-based company will supply gas and Vietnam-based Delta Offshore Energy will generate electricity and sell it. Two million tonnes of LNG per year will be supplied from its Magnolia project, which locks in a buyer for 25% of the supply from the project. The deal comes at a time when LNG Ltd has been struggling to lock in sales agreements for its Magnolia project due to the U.S. trade dispute with China, which has been seen as a key potential custo
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