Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 November 18, 2015 - 10:15 PM EST
Print Email Article Font Down Font Up Charts

Liquefied Natural Gas Ltd (LNGLY) AGM Presentation

Perth, Australia (ABN Newswire) - Liquefied Natural Gas Ltd (ASX:LNG) (OTCMKTS:LNGLY) 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:

About Liquefied Natural Gas Ltd:

Limited Natural Gas Limited (LNGL) (ASX:LNG) (OTCMKTS:LNGLY) is an ASX listed company focused on development of mid-scale LNG plants. LNGL's business strategy aims to deliver lower capital and operating costs, faster construction timelines and improved efficiency, relative to larger traditional LNG projects. LNGL's portfolio includes 100% ownership in Magnolia LNG LLC, Bear Head LNG Corporation, Gladstone LNG Pty Ltd, and LNG Technology Pty Ltd, which owns and develops the OSMR(R) LNG liquefaction process.


Liquefied Natural Gas Ltd


Liquefied Natural Gas Ltd
T: +61 8 9366 3700


Source: ABN/Asia Business Newswire (November 18, 2015 - 10:15 PM EST)

News by QuoteMedia