Moneybags , unfortunately i didn't get to read your post prior to it being moderated , would you mind reposting the part that refers to my question, please see below.Thanks

(Also I find if i include the words "IMO" my post dont get moderated)


Its sounding like Insolvency would diminish the value of Magnolia, comments from the experts (moneybags) would be appreciated regarding the effect on the Coy on the potential termination of the site port lease.


https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/032720-lng-limiteds-required-financing-to-stay-afloat-falls-through

LNG Limited's required financing to stay afloat falls through

When the $75 million (A$114 million) takeover offer from an energy investor with ties to floating regasification facilities in Asia and Europe was announced February 28, LNG Limited said the deal was critical to being able to save Magnolia LNG. The alternative was the risk of administration – akin to bankruptcy in Australia -- or liquidation, it said at the time. Insolvency would trigger contract clauses that could allow counterparties to terminate the project's engineering, procurement and construction contract and its site port lease.