Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Bear Head LNG Receives Governor in Council Approval
Bear Head LNG Receives Governor in Council Approval

Perth, June 16, 2016 AEST (ABN Newswire) - Bear Head LNG Corporation, Inc. (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) is pleased to announce it has received Governor in Council approval for a licence to import natural gas from the United States and a licence to export liquefied natural gas (LNG) from Bear Head LNG's project site on the Strait of Canso in Richmond County, Nova Scotia.

The National Energy Board's approval to import and export natural gas was previously issued in August 2015, but was subject to the approval of the Governor in Council.

"The Government of Canada's approval of Bear Head LNG's natural gas import and LNG export licences is welcome news," said Greg Vesey, Managing Director and CEO of Liquefied Natural Gas Limited and President of Bear Head LNG. "The strategic importance of these approvals, as well as the regulatory certainty that it provides, distinguishes Bear Head LNG in the North American LNG marketplace. Bear Head LNG is well positioned to be a major global supplier of LNG."

The licences authorize Bear Head LNG to import up to 14.2 billion cubic metres of natural gas per annum, which would be sufficient to export up to 12 mtpa of LNG from Canada, both licences are for a period of 25 years.

Bear Head LNG has approval from the US Department of Energy to export US-sourced natural gas to both nations that do (FTA) and nations that do not (Non-FTA) have free trade agreements with the US.

ABOUT BEAR HEAD LNG CORPORATION, INC.

Bear Head LNG is wholly owned by Liquefied Natural Gas Limited. Bear Head LNG proposes to develop a liquefied natural gas export facility on the Strait of Canso, Nova Scotia, Canada.

All required initial permits are now in place for Bear Head LNG to construct the LNG export facility. Canada's National Energy Board and the U.S. Department of Energy have granted export licenses for the facility. LNG produced at the facility will be transported by LNG vessels to overseas markets.


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.

https://twitter.com/lnglimited abnnewswire.com 


Contact

Mr. Darshi Jain
Project Director
Bear Head LNG Corporation
Phone: +1-902-403-7607 (N America)
Int: +011-902-403-7607 (Int'l)
www.bearpawpipeline.com

Mr. Mike Mott
Chief Financial Officer
LNG Limited
T: +1-713-815-6909
www.lnglimited.com.au



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