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.



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