Bear Head LNG Project Presentation
Perth, Oct 24, 2014 AEST (ABN Newswire) - Liquefied Natural Gas Limited (
ASX:LNG) Bear Head LNG Project Presentation including an update on the construction status.
Bear Head Status - Construction Initiated
Early Development - ANEI
- ANEI developed project from 2001-2004
- All necessary permits were secured
- Sold to Anadarko
2004-2007 Development
- Detailed engineering in EPC 85% to fully complete
- Construction Initiated
Land clearing, site leveling, utilities
Access and site roads
2 x 180,000 m3 tank foundations
- All permits are still active
Current Plans -Fast Track
- LNGL acquired Bear Head LNG Corp. on August 27th with all assets
- Convert from LNG Import to Export
- Requires some permit modification, but not new permitting process
- Integrate detailed engineering with Magnolia LNG's FEED
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-696379.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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