Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Magnolia LNG Project's Filing Application Accepted by FERC
Magnolia LNG Project's Filing Application Accepted by FERC

Brisbane, May 15, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) (the Company) advises that the US Federal Energy Regulatory Commission (FERC) has formally accepted Magnolia LNG (MLNG) Project's filing application.

Highlights

- US Federal Energy Regulatory Commission (FERC) formally accepts Magnolia LNG Project's (MLNG) filing application

- MLNG is among leading LNG export projects based in the United States to have completed this important milestone which is a critical step toward permitting and approval necessary for the MLNG Project's construction

- Represents another step towards achieving a Final Investment Decision in late 2014 and Financial Close of MLNG by mid-2015

This project is located along the Calcasieu River, near Lake Charles, Louisiana, United States of America (US) - refer to Figure 1 in link below. The receipt of FERC's formal acceptance of MLNG's filing application (which has been made under Docket No. CP14-347-000, a copy of which is attached) resulted from submission of the application on 30 April 2014.

Managing Director and Joint CEO Comments

The Company's Managing Director, Maurice Brand, said "FERC's formal acceptance of Magnolia LNG Project's filing application is another step forward for the Magnolia LNG Project, placing it among a small group of projects to have formally received this notification from FERC."

"Magnolia LNG anticipates receiving all approvals during 2015 and such approvals will be a key requirement for Financial Close. Construction will commence shortly thereafter with first LNG exports planned for the second half of 2018."

To view the filing application, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-677892.pdf


About Liquefied Natural Gas Ltd

Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:

- Magnolia LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;

- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;

- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and

- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.

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Contact

Liquefied Natural Gas Limited
T: +618-9366-3700
F: +618-9366-3799
WWW: www.lnglimited.com.au



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