Perth, Australia, Oct 24, 2014 - (ABN Newswire) - Liquefied Natural Gas Limited (ASX:LNG) Bear Head LNG Project Presentation including an update on the construction status.
Bear Head Status - Construction Initiated
Early Development - ANEI
- ANEI developed project from 2001-2004
- All necessary permits were secured
- Sold to Anadarko
2004-2007 Development
- Detailed engineering in EPC 85% to fully complete
- Construction Initiated
Land clearing, site leveling, utilities
Access and site roads
2 x 180,000 m3 tank foundations
- All permits are still active
Current Plans -Fast Track
- LNGL acquired Bear Head LNG Corp. on August 27th with all assets
- Convert from LNG Import to Export
- Requires some permit modification, but not new permitting process
- Integrate detailed engineering with Magnolia LNG's FEED
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-696379.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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