LNG shares soar on deal

US infrastructure investor Stonepeak provides equity for LNG's Louisiana export project.

Liquified Natural Gas Ltd shares jumped after the company made a deal with investor Stonepeak Infrastructure Partners to provide $US660 million ($A719.3 million) of project equity for its Magnolia LNG project in Louisiana, United States.

LNG shares soared 38.1% to 29 cents at 1415 AEST, against a benchmark rise of 0.41%.

The funding is 100% of the equity for the construction and commissioning of the export project and Stonepeak is expected to take a stake of about 50% in the project.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles