• Meridian LNG Holdings to Move Forward on Tolling Agreement with Magnolia LNG
  • April 27, 2015
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • Liquefied Natural Gas Limited, 100% owner of Magnolia LNG, LLC (Magnolia), announced that it has been notified by Meridian LNG Holdings Corp. (Meridian LNG) that Meridian LNG intends to move forward on the completion of a 20-year liquefaction tolling agreement (LTA) with Magnolia, now that Meridian LNG has executed a 20-year gas sales agreement with E.On Global Commodities SE (E.On Commodities). Magnolia and Meridian LNG have substantially completed the negotiation of a LTA, under which Magnolia LNG will produce 2 million tons of LNG/year from gas supplied by Meridian LNG at Magnolia’s proposed LNG export terminal at Lake Charles, La. Meridian LNG, together with its operating partner Höegh LNG, will deliver the LNG to the Port Meridian LNG import terminal in the United Kingdom (UK). Meridian LNG will deliver re-gasified LNG to E.On Commodities on the UK National Transmission System.