PWC Sells U.S. Magnolia LNG to U.K. Company for $2.25M

LNG Limited (LNGL), based in Australia, has been working on a couple of North American LNG export projects over the past half-decade or more. One of them, Magnolia LNG, is located in Louisiana will potentially export M-U molecules. Magnolia has all of its permits and is ready to build--if someone has the money to build it. It won't be LNGL. The company recently imploded and ended up in the hands of a bankruptcy administrator who is now selling off the assets.

---

To view this content, log into your member account. (Not a member? Join Today!)