LNG Ltd secures funds for US project Shares in LNG Ltd have soared after it secured funding for a US plant. SHARES in Perth-based liquefied natural gas company LNG Ltd have soared after it secured funding for its plant in the US. US investment firm Stonepeak has agreed to provide the full $US660 million ($A718.25 million) of project equity finance needed to develop LNG's Magnolia project in Louisiana, in exchange for a stake of about 50 per cent in the plant. The project has a total estimated cost of $US2.2 billion ($A2.39 billion).peLNG shares were up 5.5 cents, or 26 per cent, at 26.5 cents at 1330 AEST. LNG is also developing a plant at the port of Gladstone in Queensland.