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:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-742969.pdf
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.
Source:
Liquefied Natural Gas Ltd
Contact:
Liquefied Natural Gas Ltd
T: +61 8 9366 3700
WWW: www.lnglimited.com.au
Source: ABN/Asia Business Newswire
(November 18, 2015 - 10:15 PM EST)
News by QuoteMedia
www.quotemedia.com
