LNG Exporter Hit With Breach Of Contract Suit Over Gas Deal

Law360, New York (August 12, 2013, 2:07 PM EDT) -- Maritime finance advising firm Marsoft Inc. launched a breach of contract suit in Texas federal court Friday alleging United LNG LP lied to Marsoft about funding it purportedly secured for a floating liquefied natural gas joint venture to get Marsoft to bankroll the project.

Boston-based Marsoft alleges that it executed a letter of agreement with Houston-based United in July 2012 on the FLNG joint venture based on United’s representations that it had secured natural gas reserves in North America and committed those reserves to clients in...
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