Liquefied Natural Gas Ltd's (LNGLY) Bear Head LNG Greenhouse Gas Management Plan Approved
Perth, Australia (ABN Newswire) - Liquefied Natural Gas Ltd's (ASX:LNG) (OTCMKTS:LNGLY) wholly owned subsidiary Bear Head LNG Corporation Inc. (Bear Head LNG) is pleased to announce it has received Nova Scotia Environment's (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia.
The GHG Management Plan provides Bear Head LNG's strategy for managing GHG emissions through technology selection, design of the facility, and operations.
"Approval of Bear Head LNG's GHG Management Plan is welcome news," said Greg Vesey, Managing Director and CEO of LNGL and President of Bear Head LNG. "Bear Head LNG is designing a best-in-class LNG facility, utilizing state of the art technology. Nova Scotia Environment's approval of Bear Head LNG's emissions management system is an endorsement of LNGL's optimized single mixed refrigerant (OSMR(R)) liquefaction technology, as one of the lowest emitters of GHG for LNG liquefaction projects. We are confident that our proprietary technology will meet the new GHG performance standards that have been proposed by NSE."
Bear Head's parent company, Liquefied Natural Gas Limited (LNGL), owns the OSMR(R) technology, which is patented in 16 countries/jurisdictions including Canada and the United States. OSMR(R) technology provides a considerably more efficient design arrangement that generates lower emissions and improved project economics.
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, a US-based subsidiary, which is developing an 8 mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
- Bear Head LNG Corporation (Bear Head LNG), a Canadian based subsidiary, which is developing an 8 mtpa or greater LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Gladstone LNG Pty Ltd, a subsidiary which plans to develop the 3.5 mtpa Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR(R) LNG liquefaction process, a mid-scale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
Source:
Liquefied Natural Gas Ltd
Contact:
Mr. Darshi Jain
Project Director
Bear Head LNG Corporation
Phone: +1-902-403-7607 (N America)
PHone: +011-902-403-7607 (Int'l) www.bearpawpipeline.com
Mr. Mike Mott
Chief Financial Officer
LNG Limited
T: +1-713-815-6909
www.linglimited.com.au
Source: ABN/Asia Business Newswire
(July 12, 2016 - 8:33 PM EDT)
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