Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Extension of Managing Director's Employment Contract
Extension of Managing Director's Employment Contract

Perth, Sep 26, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) (LNGL or the Company) advises that the Employment Agreement for the current Managing Director and Chief Executive Officer, Mr F Maurice Brand has been extended to 30 June 2017.

LNGL Chairman Richard Beresford said that whilst the Company had made significant progress during 2014, the Company was very focussed on the delivery of several major goals in the short term to ensure that the Company achieves Financial Close for Magnolia LNG in mid 2015 and that continuity was essential if these goals are to be achieved. Maurice has been the driving force behind Magnolia and the Company expects that this will continue as he builds a fully integrated team to execute Magnolia with the target of first LNG in 2018.

"The Directors are delighted with the Company's overall progress and that Maurice has agreed to continue until his planned retirement in 2017. During this time the Directors will also be working with Maurice on a succession plan", said Mr Beresford.

Maurice said that he was looking forward to the next few years working with the Magnolia, Bear Head and LNGL corporate teams to meet the Company's growth objectives.

"It really is a very exciting time for all our shareholders and a privilege to continue to be able to work with an extremely talented and dedicated group of executives, management and staff who are all committed to continue delivering value for our shareholders", said Mr Brand.

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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