Microsoft Word - Release ASX 2015-2-16 Bear Head Update Final.docx
ASX/MEDIA RELEASE
16 FEBRUARY 2015
BEAR HEAD LNG TAKES A MAJOR STEP FORWARD IN CANADIAN REGULATORY PROCESS
Liquefied Natural Gas Limited (ASX:LNG; OTC ADR:LNGLY) wishes to announce that its wholly owned subsidiary, Bear Head LNG Corporation (Bear Head LNG) has been advised by the Canadian Environment Assessment Agency that it has reviewed the additional Bear Head LNG Project information and concluded that:
(1) the design for the proposed project will be substantially the same as that which was previously submitted and approved under the Canadian Environmental Assessment Act (CEAA);
(2) since some construction of the LNG facility has already taken place, the Canadian Environmental Assessment Act, 2012 (CEAA 2012) does not apply to the LNG component of the project; and
(3) the proposed installed gas‐fired power generation is not considered to trigger CEAA 2012 since the project will not use natural gas to generate electricity.
LNG Managing Director and Chief Executive Officer Maurice Brand said that this was a major step forward in the Bear Head regulatory process timeline in achieving the Company's publicly stated target to obtain all regulatory clearances by mid‐2015.
For further information contact:
Mr Maurice Brand Mr David Gardner Mr Michael Mott
Managing Director/ CEO Company Secretary Chief Financial Officer
About Liquefied Natural Gas Limited
Liquefied 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 LNG, 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.
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
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. For a discussion of important factors which could cause actual results to differ from these forward‐looking statements, please refer to LNG Limited's Annual Report and Accounts. 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.