Perth - Liquefied Natural Gas Ltd. (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) through its 100% owned project company, Magnolia LNG, LLC (Magnolia), and Meridian LNG Holdings Corporation (Meridian LNG) have agreed to extend the financial close date of their legally binding offtake agreement to March 31, 2018. All other provisions of the governing agreements not specifically amended by this extension remain in full force and effect.
LNGL's agreement with Meridian LNG was signed on 23 July 2015 and included firm capacity rights at Magnolia for up to 2 million tonnes per annum (mtpa) for an initial term of 20 years with an option to extend by a further five years.
About Liquefied Natural Gas Ltd:
Liquefied Natural Gas Ltd. (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 mtpa or greater LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
- Bear Paw Pipeline Corporation Inc. (Bear Paw), 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(R) LNG liquefaction process, a mid-scale LNG business model that plans to deliver lower capital and operating costs, faster construction, and improved efficiency, relative to larger traditional LNG projects.
Contact:
Mr. Micah Hirschfield Sr. Manager, Communications and Investor Relations Liquefied Natural Gas Ltd. T: +1-713-815-6920 E: mhirschfield@lnglimited.com
Mr. Andrew Gould Joint Company Secretary Liquefied Natural Gas Ltd. T: +61-8-9366-3700 : AGould@lnglimited.com.au
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Perth - Liquefied Natural Gas Ltd. (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) through its 100% owned project company, Magnolia LNG, LLC (Magnolia), and Meridian LNG Holdings Corporation (Meridian LNG) have agreed to extend the financial close date of their legally binding offtake agreement to March 31, 2018. All other provisions of the governing agreements not specifically amended by this extension remain in full force and effect.
