US LNG Projects Buoyed by China Import Talks
China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday.There are over two dozen proposed U.S. LNG plants waiting for customer commitments to reach a final investment decision, many of them looking to China for deals.
LNG exits Fisherman’s Landing Project
Liquefied Natural Gas Limited executed a Share Sale Agreement (the Agreement) with a third-party (the Buyer) for the acquisition of all the shares of LNGL’s wholly-owned subsidiary, Gladstone LNG Pty Ltd (Gladstone LNG). In return, LNGL received US$800,000, previously held in a trust account under a previously disclosed Licence Transfer Agreement, and a reimbursement for security deposits posted by Gladstone LNG related to the Fisherman’s Landing project licences. Pursuant to the terms of the Agreement…
Magnolia EPC contract extended
Liquefied Natural Gas Ltd (LNGL) informed that its 100% owned subsidiary, Magnolia LNG, LLC (MLNG or Magnolia), has agreed with KSJV to further extend the validity period of the signed engineering, procurement, and construction (EPC) contract through 30 June 2017. As previously announced on 26 April 2016, Magnolia and KSJV, a KBR – SKE&C joint venture lead by KBR, had extended their original binding lump sum turnkey (LSTK) EPC contract for four LNG trains and associated facilities until 31 December 2016, with a subsequent interim extension to 31 January 2017.
MLNG, VGS Sign HOA for sales to KGLNGT Terminal in India
Liquefied Natural Gas Ltd (LNGL or the Company) has advised that its 100% owned subsidiary, Magnolia LNG, LLC (MLNG or Magnolia), has signed a Heads of Agreement (HOA) with Vessel Gasification Solutions, Inc. (VGS) in relation to the Magnolia LNG Project, in Lake Charles, Louisiana, United States (MLNG Project). The non-binding HOA provides for a 20 year Free-on-Board (FOB) Sale and Purchase Agreement (SPA) of up to 4 million metric tonnes per annum (mtpa). The obligations of the parties are conditional…
DOE Nod for Magnolia LNG Non-FTA Exports
Liquefied Natural Gas Limited have informed that the US Department of Energy (DOE) has announced today its decision granting LNGL’s Magnolia LNG Project authorization to export liquefied natural gas from the proposed facility in Lake Charles, Louisiana, USA to countries with which the United States has not entered into a free trade agreement (non-FTA approval). Greg Vesey, LNGL Managing Director and CEO, advised, “Our Magnolia project team is very pleased to have successfully received this final piece…
Bear Paw to Construct Point Tupper Pipeline
Bear Paw Pipeline Corporation Inc. (Bear Paw), an indirect wholly-owned subsidiary of Liquefied Natural Gas Limited (LNGL), has received Nova Scotia Utility and Review Board approval to construct a 62.5 km natural gas pipeline from Goldboro to the proposed Bear Head LNG liquefied natural gas (LNG) export facility in Point Tupper, Richmond County, Nova Scotia. “Bear Paw’s pipeline is integral to the development of Bear Head LNG,” said Greg Vesey, Managing Director and CEO of LNGL and President of Bear Paw. “The Permit to construct is an important regulatory component.
LNGL's Founder Steps Down
The Board of Directors of Liquefied Natural Gas Limited (ASX: LNG, OTC ADR: LNGLY) (LNGL or the Company) today announced that Mr Maurice Brand will step down as an Executive Director with the Company effective 1 August 2016. Mr Brand is the founder and former Managing Director and Chief Executive Officer of Liquefied Natural Gas Limited, which listed on the ASX in September 2004. Through his direction and leadership, LNGL introduced to the LNG industry an innovative strategy to safely develop mid‐scale LNG export terminals to link proven gas reserves with existing LNG buyers.
LNGL Modifies Staffing levels
Liquefied Natural Gas Limited announced staff reductions resulting in a more streamlined organisation having a lower, more sustainable fixed cost base. These changes reflect a combination of redundancy and restructuring measures while keeping a strong focus on marketing of liquefaction capacity in our projects. The change leads to a reduction of three employees and one consultant in Australia, one Indonesia-based employee, and six U.S.-based employees. Two additional U.S.-based employees were released from their employment in the last 45-days.
Bear Head LNG GHG Management Plan Approved
Bear Head LNG Corporation Inc. (Bear Head LNG) received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia. The GHG Management Plan provides Bear Head LNG’s strategy for managing GHG emissions through technology selection, design of the facility, and operations. “Approval of Bear Head LNG’s GHG Management Plan is welcome news,” said Greg Vesey, Managing Director and CEO of LNGL and President of Bear Head LNG.
Bear Head Secures Governor in Council Approval
Bear Head LNG Corporation, Inc. (Bear Head LNG) received Governor in Council approval for a licence to import natural gas from the United States and a licence to export liquefied natural gas (LNG) from Bear Head LNG’s project site on the Strait of Canso in Richmond County, Nova Scotia. The National Energy Board’s approval to import and export natural gas was previously issued in August 2015, but was subject to the approval of the Governor in Council. “The Government of Canada’s approval of Bear Head LNG’s natural gas import and LNG export licences is welcome news…
Magnolia LNG Secures FERC Order
Liquefied Natural Gas Limited have stated 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.
