LNG Limited’s required financing to stay afloat falls through

S&P Global Platts | Mar 27, 2020 at 1:54 AM
  • Bridge financing essential to keeping LNG Limited operating long enough to close an agreement to be taken over by a Singaporean investor fell through, amid a further deterioration in market conditions due to the coronavirus pandemic.
  • The development raises the potential for liquidation, which would imperil the company’s proposed Magnolia LNG export project in Louisiana.
  • Besides Magnolia LNG, LNG Limited also has proposed an export terminal in eastern Canada called Bear Head LNG.