April 5, 2016 - 12:23 AM EDT
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SCT&E LNG Signs Its Fourth MOU Increasing Its Total Offtake Reservations up to 4.7 mtpa

HOUSTON, TX
and
CAMERON PARISH, LA
/ ACCESSWIRE / April 5, 2016 / SCT&E LNG, Inc. announced today the company has signed a fourth non-binding Memorandum of Understanding (MOU) for the sale of liquefied natural gas (LNG) from its future facility to be constructed on Monkey Island in
Cameron Parish, LA
. This multi-billion dollar agreement was signed with a reputable Asian energy company that owns and operates an LNG import terminal and has plans to construct additional terminals. The agreement also has an option for a future equity investment into the SCT&E LNG liquefaction terminal. Image: https://www.accesswire.com/uploads/sctlng%201c.jpg

Chairman and CEO, Greg Michaels, states, "SCT&E LNG now has over one-third of the facility's overall capacity reserved via MOU's. We have seen an increase in commercial activities from clients looking to secure LNG supply beginning in 2022, and it is great to see LNG buyers confirm our business decisions and market timing."

In June 2015, SCT&E LNG was featured as the "Future of

U.S.
LNG" on the cover of LNG Industry magazine. The SCT&E LNG export project is currently scheduled to produce a total of 12 mtpa of LNG with shipments starting in 2022. The company's business model seeks to export LNG via take-or-pay tolling agreements and is focused on supplying LNG to meet customer needs during the "second wave" of LNG demand in 2022 and beyond. Last year, SCT&E LNG signed two offtake MOU's for a total of 1.7 mtpa of LNG, and the company signed a third MOU earlier this year. This new agreement, combined with previously signed MOU's, brings the company's total offtake agreements up to 4.7 mtpa.

Scott Ray, VP of Engineering and Technology, adds, "Signing this MOU provides the capacity commitment required to further advance the engineering and overall project development activities. We are currently finishing up a several month engineering study and have phased our execution plan to match capacity commitments. Currently, we are finalizing negotiations with our Owner's Engineer and specialty contractors required to support the FERC process, and we anticipate announcing these decisions soon."

About SCT&E LNG:

Originally established by Southern California Telephone Company, SCT&E LNG, INC. is a

Nevada
corporation and developer of an LNG export terminal. The SCT&E LNG project is currently modeled as an LNG tolling facility utilizing cryogenic technologies to liquefy natural gas for export globally. The SCT&E LNG plan is to liquefy approximately 1.60 billion cubic feet (bcf) per day of natural gas to create approximately 12 million tons per annum (mtpa) of LNG at its future facilities on Monkey Island in
Cameron Parish, Louisiana
.

Southern California Telephone Company, today doing business as Southern California Telephone & Energy (SCT&E), is a successful twenty-one year, privately-owned United States Public Utility Company. The company was originally founded in 1994 as Wholesale Airtime, Inc. by CEO Greg Michaels. Southern California Telephone Company is a Telecommunications and Energy Company which has developed, owns, and operates redundant telecommunications networks. The company maintains facilities on both coasts of

the United States
. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority, allowing it to buy and sell energy nationwide. SCT&E has multiple locations, with its corporate office headquartered in
Temecula, California
.

Safe Harbor:

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe", "optimistic," "intend," "will," and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company's control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company's ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.

All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG's future results.

Contact:

Stephanie Moreau, Assistant to Greg Michaels

SCT&E LNG, Inc.

15021 Katy Freeway, Suite 210

Houston, Texas
 77094

stephanie.m@sctelng.com

www.sctelng.com

SOURCE: SCT&E LNG, Inc.

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Source: Equities.com News (April 5, 2016 - 12:23 AM EDT)

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