Magnolia LNG and Meridian LNG Sign Capacity Agreement
Posted on Jul 23, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Magnolia LNG and Meridian LNG Sign Capacity Agreement
Magnolia LNG, LLC announced that it has signed a liquefaction tolling agreement (LTA) with Meridian LNG Holdings Corp (Meridian LNG) for firm capacity rights for up to 2 million tonnes per annum at Magnolia LNG’s proposed liquefaction and LNG export terminal at Lake Charles, La. Under the LTA, Magnolia will provide liquefaction services to Meridian LNG for monthly capacity payments. Meridian LNG is responsible for the supply of feed gas to the liquefaction plant and for the shipping of the LNG to its customers. According to the press release, Meridian LNG intends to deliver the LNG to Port Meridian, its Höegh LNG operated floating re-gasification terminal in the United Kingdom for ultimate delivery to E.ON Global Commodities.