AGM Presentation
Perth, Nov 19, 2015 AEST (ABN Newswire) - Liquefied Natural Gas Ltd (
ASX:LNG) (LNGLY:OTCMKTS) announce the AGM Presentation with recent milestones validating our strategy.
EPC Contract
- Signed lump-sum turnkey contract
- Per tonne cost is lowest in industry
- KSJV guaranteeing production at 7.6 mtpa, a 12% increase over previous guidance
- Utilises patented OSMR® technology
- LNG plant fuel gas consumption of 8%
- KBR leads KSJV and is an industry leader in global LNG, ammonia, and plant modularization
Final Environmental Impact Statement
- FEIS issued by FERC for Magnolia LNG
- FERC conducted comprehensive environmental and safety review
- Conclusion:
o Construction would result in limited adverse environmental impacts
o These impacts would be reduced to less-than significant with recommended mitigations and measures
- Notice to Proceed within 90-days
To view the AGM Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-742969.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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