Liquefied Natural Gas Ltd Stock Market Press Releases and Company Profile
Magnolia LNG Receives FERC Order
Magnolia LNG Receives FERC Order

Perth, April 18, 2016 AEST (ABN Newswire) - Liquefied Natural Gas Limited (LNGL) (googlechartASX:LNG) (googlechartLNGLY:OTCMKTS) is pleased to advise that its wholly owned subsidiary, Magnolia LNG, LLC (Magnolia LNG), received the Federal Energy Regulatory Commission (FERC) authorization (FERC Order) to site, construct, and operate facilities to liquefy and export domestically produced natural gas from its liquefied natural gas (LNG) terminal in the Lake Charles District, State of Louisiana, USA.

In addition, the Louisiana Department of Environmental Quality (LDEQ) approved the air permit for the Magnolia LNG.

In a related matter, FERC also authorized the Kinder Morgan Louisiana Pipeline LLC (KMLP Pipeline) to install compression and other related facilities on the KMLP Pipeline, facilitating the transportation of full feed gas volumes to the Magnolia LNG project.

LNGL Managing Director and Chief Executive Officer, Greg Vesey said, "We are pleased to receive the FERC Order and the air permit from LDEQ. Both of these items are important milestones as we progress the Magnolia LNG project towards a final investment decision. We look forward to the US Department of Energy (DOE) processing Magnolia LNG's pending application to export LNG to countries that do not have a free trade agreement (FTA) with the United States."

Magnolia LNG proposes to construct and operate up to four liquefaction production trains, each with a capacity of 2 mtpa or greater using the Company's OSMR(R) patented LNG process technology. Construction and operation shall include two 160,000m3 full containment storage tanks, ship, barge and truck loading facilities, and supporting infrastructure.

As previously announced, construction of the facility will be by the KBR-SKE&C joint venture (KSJV) under a lump sum turnkey EPC contract.

"Our primary focus remains to complete marketing of Magnolia LNG's offtake capacity, finalize financing arrangements, and progress towards construction", stated Mr Vesey.


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 LNG, LLC (Magnolia LNG), a US-based subsidiary, which is developing an eight mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;

- Bear Head LNG Corporation Inc. (Bear Head LNG), a Canadian-based subsidiary, which is developing an 8 – 12 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;

- Bear Paw Pipeline Corporation Inc. (Bear Paw), which is proposing to construct and operate a 62.5 km gas pipeline lateral to connect gas supply to Bear Head LNG; and

- LNG Technology Pty Ltd, a subsidiary which owns and develops the Company's OSMR® LNG liquefaction process, a midscale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.

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Contact

Mr. Greg Vesey
Managing Director & CEO
LNG Limited
T: +1-713-815-6900

Mr. Mike Mott
Chief Financial Officer
LNG Limited
T: +1-713-815-6909

Liquefied Natural Gas Ltd
T: +61-8-9366-3700
E: LNG@LNGLimited.com.au
www.LNGLimited.com.au



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