Quarterly Highlights and Appendix 4C
Perth, Oct 30, 2017 AEST (ABN Newswire) - The first quarter of Liquefied Natural Gas Limited's (ASX:LNG) (LNGLY:OTCMKTS) (LNGL or the Company) fiscal year was very active as we maintained our focus on securing offtake for Magnolia LNG in a slowly more bullish market, continued to progress the Bear Head LNG project, and wrap up our year-end activities highlighted by the distribution and filing of our annual report. In addition, LNGL made three significant announcements:
- The signing of an amended and restated equity commitment agreement with Stonepeak Infrastructure Partners for the Magnolia LNG project.
- The signing of a dredging servitude agreement for Magnolia LNG with Turners Bay, LLC, to deposit dredge spoils that will recreate approximately 100 acres of Louisiana wetlands previously destroyed by hurricanes.
- A decision to suspend the Company's U.S. redomiciling and listing efforts to a time when maximum value can be achieved for shareholders.
To view the full report, please visit:
http://abnnewswire.net/lnk/1V3903LR
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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