Posted by Eversheds Sutherland
on Jan 24, 2017 in Financing
, LNG Exports
, Markets and Competition
| Comments Off on Magnolia LNG Signs Heads of Agreement with VGS
Magnolia LNG, LLC (Magnolia), has signed a non-binding Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS), which provides for a 20-year Free-on-Board Sale and Purchase Agreement of up to 4 million metric tonnes per annum from Magnolia’s proposed LNG export terminal at Lake Charles, La. The HOA contains several conditions precedent. According to the press release,...