Microsoft Word - Release ASX 2015-04-02 Bear Head LNG files updated registration with NSE.docx
ASX/MEDIA RELEASE
2 April 2015
BEAR HEAD LNG FILES UPDATED REGISTRATION WITH NSE
Highlights:
Bear Head LNG files updated registration with NSE
Secures agreement with NS Mi'kmaq chiefs
Appoints VP of Engineering and Construction
Liquefied Natural Gas Limited (ASX: LNG; OTC ADR: LNGLY) (LNGL or the Company) today announced that its 100% owned subsidiary, Bear Head LNG Corporation, (Bear Head LNG) has filed an updated registration document with Nova Scotia Environment (NSE). Bear Head LNG anticipates NSE approval of this update in the second quarter of this year. The NSE approval would be the last of the 10 initial federal, provincial, and local regulatory approvals needed to construct a liquefied natural gas (LNG) export facility on the Strait of Canso in Nova Scotia.
Bear Head LNG Chief Operating Officer, John Godbold, is pleased to announce that a Memorandum of Understanding (MOU) has been signed with the Assembly of Nova Scotia Mi'kmaq Chiefs. The MOU is a commitment by both parties to work together to ensure meaningful Mi'kmaq participation and continued negotiations in relation to a benefits agreement. "We look forward to the continuing participation of the Mi'kmaq throughout the development of our LNG facility in Point Tupper," said John Godbold.
"This agreement is an important step," said Chief Terrance Paul, Co‐Chair of the Assembly of Nova Scotia Mi'kmaq Chiefs. "We are confident that the relationship we have developed during these discussions with Bear Head LNG will grow and enable us to create opportunities for the Mi'kmaq of Nova Scotia."
Bear Head LNG is also pleased to announce the appointment of Darshi Jain as VP of Engineering and Construction. Mr. Jain has nearly four decades of energy industry experience, which includes 33 years with KBR, a leading global engineering, construction and services company, where he played leadership roles in managing several multi‐billion dollar projects. He will divide his time between Nova Scotia and Houston.
"We are fortunate to have Mr. Jain in this key position for the successful development and delivery of the Bear Head LNG project. He will have a wide range of responsibilities, which will include taking the lead on engineering and technical efforts to clear major conditions in key environmental and construction permits, and supervising the overall engineering and construction process to achieve project completion," said John Godbold.
For Investor information contact: For Media enquiries contact:
Mr Maurice Brand
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Mr Michael Mott
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+1‐902‐403‐7607
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Managing Director/ CEO
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Chief Financial Officer
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[email protected]
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Liquefied Natural Gas Ltd
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Liquefied Natural Gas Ltd
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+61 8 9366 3700
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+1 713 815 6900
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Liquefied Natural Gas Limited
Level 1 10 Ord Street, West Perth WA 6005
Telephone: +61 8 9366 3700 Facsimile: +61 8 9366 3799
Email: [email protected]
Web site: www.LNGLimited.com.au
About Liquefied Natural Gas Limited Natural Gas Limited is an ASX listed company (Code: LNG and OTC ADR: LNGLY) whose portfolio consists of 100% ownership of the following companies:
Magnolia LNG LLC (Magnolia LNG), a US‐based wholly owned subsidiary of LNGL, which is developing an 8 million tonne per annum (mtpa) LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
Bear Head LNG Corporation (Bear Head), a Canadian based wholly owned subsidiary of LNGL, which is developing an 8 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
Gladstone LNG Pty Ltd, a wholly owned subsidiary, which is progressing the 3.8 mtpa Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
LNG Technology Pty Ltd, a wholly owned subsidiary, which owns and develops the Company's OSMR® 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.
DisclaimerForward‐looking statements may be set out within this correspondence. Such statements are only predictions, and actual events or results may differ materially. Please refer to our forward‐looking statement disclosure contained on our website at www.LNGLimited.com.au and to LNG Limited's Annual Report and Accounts for a discussion of important factors that could cause actual results to differ from these forward‐looking statements. LNG Limited does not undertake any obligation to update publicly, or revise, forward‐looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.