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Ann: LNGL, Delta Offshore Energy Agree on Supply Deal to Vietnam, page-84

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LNGnewhorizon

11 Posts.

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19/12/19

17:18

Post #: 42056005
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Originally posted by Downrampstamp: ↑

The 20-year agreement with Delta Offshore Energy is to deliver an LNG-to-power project for the Bac Lieu province of Vietnam, where an LNG import terminal and power plant is planned to be built, beginning in 2023. Magnolia will deliver 2 million tonnes per annum (2 mtpa) of LNG. Delta OE will move the gas, then sell the generated electricity to the province.

“This agreement is a major achievement for the Magnolia LNG project as we progress our global commercial and marketing push toward a final investment decision,” Greg Vesey, LNG Limited’s managing director and CEO, said in a statement.

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Interesting. Construction times vary however anticipated build time for Magnolia ranges from 27-33 months.

Given proposed construction of Bac Lieu province to begin in 2023, I would expect construction to finish some time in 2025...

LNG Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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