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LNG delays Magnolia project go-ahead amid US-China spat; shares dive

Sonali Paul

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ASX-listed LNG said on Monday it is delaying a final decision on whether to build its US-based Magnolia LNG plant as it has run into problems lining up Chinese customers due to the US-China trade war.

LNG shares fell as much as 29 per cent to a one-year low and closed down 23 per cent at 41.5¢

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Reuters

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    Original URL: https://www.afr.com/companies/energy/lng-delays-magnolia-project-goahead-amid-uschina-spat-shares-dive-20181029-h1797n