"We're buying a company that is poised to more forward and develop that plant," he said. "They have done a terrific job in putting all those components together, but unfortunately they just ran out of money. Ben Blanchet is the CEO of Global Energy Megatrend and is overseeing the company from offices in Lafayette. Blanchet is a major land owner in the Abbeville Salt Dome field and has experience contracting with the China National Petroleum Corp. and drilling in China. The company has been interested in the company behind Magnolia LNG long before the business became potentially insolvent, Blanchet said. "We have been in discussions with the company about these assets for quite some time," Blanchet said. The business expects to acquire more than just federal permits for the LNG export terminal. The deal includes land, detailed engineering plans and a contract for development, in addition to the underlying technology.
this been planned years ahead to sabotage the company and take it ready for cheap 2million dollar how did anyone here that claim to know everything didn’t see that coming you bastards. you think they will get away with this frauud and sabotage and take poor people money without paying a price, wait for it until your hear all involved in this they will die the worst death or loose all everything and beg on the street or god will test them in their loves ones , they will never taste happyness, they will always be miserable even if they own the whole lng gas in then world.
LNG Price at posting:
4.3¢ Sentiment: Sell Disclosure: Held
