Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Half Year Report and Appendix 4D
Half Year Report and Appendix 4D

Perth, Feb 27, 2015 AEST (ABN Newswire) - During the half-year to 31 December 2014, Liquefied Natural Gas Limited (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) continued to progress its 100% owned LNG projects in the United States, Canada and Australia. Objectives achieved during the half-year include:

(a) Magnolia LNG Project, Lake Charles, Louisiana, United States (Magnolia LNG)

(i) Progressed permitting and approvals for the development of Magnolia LNG with the US Federal Energy Regulatory Commission (FERC) including responses to various engineering data information requests and separate environmental information requests.

(ii) Agreed an engineering, procurement & construction (EPC) contract with SKE&C Group covering the initial 4 million tonnes per annum (mtpa) LNG installation. Estimated cost for the full 8 mtpa project totals US$3.5 billion, equating to US$440/tonne.

(iii) Continued negotiations with all four proposed tolling parties and several others.

(b) Bear Head LNG Project, Nova Scotia, Canada (Bear Head LNG)

(i) Acquired the Bear Head LNG project for US$11 million from a subsidiary of Anadarko Petroleum Corporation.

(ii) Received seven of 10 major environmental and engineering permit approvals required to progress the project.

(iii) Announced expansion of the initial facility production capacity from 4 to 8 mtpa.

(iv) Filed an application with Canada's National Energy Board (NEB) for an export license for up to 12 mtpa of LNG.

(v) Filed an application with the US Department of Energy (DOE) for authorisation to export natural gas to Canada for a 25-year period.

(c) Fisherman's Landing LNG Project, Gladstone, Queensland, Australia (FLLNG)

(i) Gladstone Ports Corporation Limited extended the Option to Lease until 31 March 2015, with an option to extend to 31 March 2016.

(ii) Signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum Company (Tri-Star). The Tri-Star MOI involves FLLNG processing Tri-Star's potentially significant gas reserves to produce 1.5 mtpa of LNG over a 20-year term.

(d) Corporate

(i) A placement of 14.8 million new shares in the Company at $2.60/share was completed on 6 August 2014, raising $38.6 million.

(ii) The Company entered the ASX S&P 200 Index.

(iii) Mr Michael Mott was appointed as the Company's Chief Financial Officer, based in Houston.

(iv) Mr Paul Cavicchi was appointed as the Company's first US based Non-Executive Director, followed by the appointment of Mr Michael Steuert as the second US based Non-Executive Director.

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-711359.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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