Liquefied Natural Gas Limited has been chosen to participate in a U.S. trade mission to Thailand, Indonesia, and Vietnam which aims to accelerate U.S. LNG commercial activity in Southeast Asia.
The trade mission is led by U.S. Secretary of Commerce Wilbur Ross and will take place from November 3 – 8, including attendance at the Indo-Pacific Business Forum in Bangkok.
LNGL said that the mission intended to accelerate U.S. commercial activity in the region in regards to the LNG and other industries, supporting job creation, and export opportunities for U.S. companies and projects, which would meet the region’s needs for economic growth and development.
LNGL managing director and CEO Greg Vesey and chief development officer Joe B’Oris will be part of Secretary Ross’ delegation.
The company added it would promote Magnolia LNG’s advantages to potential Southeast Asian customers and advancing commercial discussions as well as encourage the continued movement of U.S. LNG into the region beyond the existing MOU between LNGL and Delta Offshore Energy (DeltaOE).
To remind, the two companies agreed to negotiate and agree on a binding sale and purchase agreement for 2 mtpa of U.S. LNG from Magnolia into the Bac Lieu Province in Vietnam.
Vesey said: “ It is an honor to be chosen to accompany Secretary Ross and other business leaders in seeking to increase U.S. LNG exports into Southeast Asia.
“ Thailand and Vietnam, in particular, have significant growth potential in LNG and this trade mission gives us the opportunity to continue our discussions with key decision-makers across the gas value chain as we seek to sell the remainder of Magnolia’s capacity. “