Ann: Magnolia LNG Extends Binding Agreement with Meridian LNG, page-5

few ways to look at this:-

1. Probable delay on FID
2. Meridian LNG still satisfied that Maggy still represents the best option for its plans to get gas out of US, ie, no other projects can meet Meridian's needs in the next 2-3 years
3. Management taking a proactive step to inform and retain our customers ahead of the original June deadline