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Magnolia LNG Holdings, LLC

Company Summary

Operational Regions

  • Gulf Coast

Related Entities

Recent news

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  • 5/27/2020 - LNG Ltd. Cancels Sale of... (subscriber access)

Company Transactions

Date: 5/26/2020
Type: Acquisition

BUYERS:
  • Magnolia LNG Holdings, LLC
    • SELLERS:
  • Liquefied Natural Gas Ltd
    • PROJECTS:
  • Magnolia LNG Project
  • Magnolia LNG Train 1
  • Magnolia LNG Train 2
  • Magnolia LNG Train 3
  • Magnolia LNG Train 4
    • DETAILS:

    COST: 2 $MM

    NOTES:
    LNG Ltd. announced that the prior announcement of a sale of Magnolia LNG to Global Energy Megatrend has been terminated after GEM failed to close within the required time frame. Instead, the firm closed a deal to sell the Magnolia LNG project to Magnolia LNG Holdings, LLC for $2 million in cash. LNG Ltd. will also receive an unsecured, non-interest bearing promissory note from the buyer worth $1.3 million.
    REGIONS:
  • Gulf Coast