Brisbane, Australia, Sep 17, 2014 - (ABN Newswire) - During the financial year ending 30 June 2014, Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) has made significant steps towards the delivery of its vision to create wealth for our shareholders by progressing the development of competitive and innovative LNG projects in key markets throughout the world.
In order to achieve this vision, LNG is emerging as a leader in the mid-scale LNG sector by:
- Identifying and securing strategically located project sites to build, own and operate LNG facilities;
- Using the Company's wholly owned OSMR(R) LNG process technology to deliver LNG competitively and cost effectively; and
- Offering innovative and commercially sound solutions to LNG buyers and natural gas owners which enhance their business outcomes.
Implementation of the Company's strategy is demonstrated with significant progress being made with our flagship Magnolia LNG project and the recent acquisition of Bear Head LNG Corporation that will provide a continuing growth path for LNGL. In time, the Company expects to secure additional opportunities based on the fundamental development principles that have been applied to the development of Magnolia LNG and are to be applied to Bear Head LNG.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-691566.pdf
About Liquefied Natural Gas Limited:
Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) is an ASX listed company (ASX:LNG) (US:LNGLY) whose portfolio consists of 100% ownership of the following assets:
- Magnolia LNG, LLC, a US-based wholly owned subsidiary, which is developing the Magnolia LNG Project an 8 mtpa LNG export terminal, in Lake Charles, Louisiana, USA;
- Gladstone LNG Pty Ltd, a wholly owned subsidiary, which is developing the Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
- LNG Technology Pty Ltd, a wholly owned subsidiary, which developed and owns the Company’s OSMR(R) LNG liquefaction process, a mid-scale LNG business model that plans to deliver: lower capital operating costs; faster construction; and improved efficiency, relative to larger traditional LNG projects.
Contact:
Liquefied Natural Gas Limited
T: +618-9366-3700
F: +618-9366-3799
WWW: www.lnglimited.com.au
Source:
Liquefied Natural Gas Limited
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