"This is an important step in achieving certainty of gas supply for the Bear Head project," said John Godbold, Bear Head Project Director.  "The U.S. Department of Energy is implementing a regulatory framework that promotes trade and economic growth while balancing the provisions of the North American Free Trade Agreement, the U.S. Natural Gas Act and the U.S. National Environmental Policy Act."    Bear Head LNG anticipates a decision in the near future on its application for DOE authorization to export LNG to non‐FTA countries.  Godbold noted that only two interventions of minor substance were filed during the 60‐day comment period on Bear Head LNG's non‐FTA application.

Godbold also noted that Bear Head LNG is the first proposed Canadian LNG export facility to be recognized by the U.S. Federal Energy Regulatory Commission as an “Approved” Canadian LNG export project.  In May 2015, Bear Head LNG Corp. obtained the last of the ten initial federal, provincial and local regulatory approvals needed to construct the facility located on the Strait of Canso in Nova Scotia.

Bear Head LNG Corp. has applied to Canada's National Energy Board (NEB) for authority to import natural gas from the U.S. and export up to 8 mtpa of LNG in 2019 from Canada, with expanded authority to 12 mtpa in 2024.  Bear Head LNG expects these authorizations in the near future.

Bear Head LNG Corp. has also applied to the DOE for authority to import for subsequent export up to 250 Bcf per year of Canadian natural gas by pipeline that is “in transit” through the U.S., back into Canada for delivery to Bear Head LNG's proposed liquefied natural gas export facility.

This authorization would allow a portion of the Bear Head LNG’s natural gas requirements to come from sources in Western and Central Canada, enhancing commercial supply options.

Bear Head LNG President Maurice Brand pointed to the steady progress toward final regulatory clearance.  “Great strides have been made in moving Bear Head LNG toward a final investment decision during 2016 as we continue to receive regulatory certainty for our facility.  Over the next few months, we anticipate receiving our DOE approval to move Canadian gas through the U.S., the DOE non‐FTA export approval and the NEB import and export approvals from Canada."

About Bear Head LNG Corporation

Bear Head LNG is wholly owned by Liquefied Natural Gas Limited. Bear Head LNG proposes to develop an eight mtpa liquefied natural gas export facility on the Strait of Canso, Nova Scotia, Canada.  

About Liquefied Natural Gas Limited

Liquefied Natural Gas Limited (LNGL) is an Australian listed company (Code: LNG and OTC ADR: LNGLY) focused on development of mid‐scale LNG plants.    LNGL’s business strategy aims to deliver lower capital and operating costs, faster construction timelines and improved efficiency, relative to larger traditional LNG projects.  LNGL’s portfolio includes 100% ownership in Magnolia LNG LLC, Bear Head LNG Corporation, Gladstone LNG Pty Ltd, and LNG Technology Pty Ltd, which owns and develops the OSMR® LNG liquefaction process.

• Bear Head LNG Receives U.S. Department of Energy Approval of Exports to FTA Countries

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The FERC staff concluded that construction and operation of the proposed projects  would result in limited adverse environmental impacts, but these impacts would be reduced to less‐than‐significant levels with the implementation of Magnolia LNG’s and KMLP’s proposed mitigations and the additional measures recommended in the DEIS.   

FERC set 8 September 2015 as the deadline for receipt of public comments on the DEIS.   Based on the Notice of Schedule for Environmental Review, previously issued by FERC on 30 April 2015, the Final Environmental Impact Statement (FEIS) is expected to be issued by FERC on 16 November 2015.
  
LNG Limited’s Managing Director and CEO, Mr. Maurice Brand said, “We are very pleased with our progress on the FERC regulatory aspects of the project and look forward to the receipt of the FEIS in November this year. Magnolia LNG is planning for Financial Close in first quarter 2016 with first LNG in December 2018”.

The entire FERC announcement posted on 17 July 2015 may be accessed at:

http://elibrary.ferc.gov/idmws/search/intermediate.asp?link_file=yes&doclist=14357942

ABOUT MAGNOLIA LNG:  

The Magnolia LNG project is 100% owned by Magnolia LNG LLC, which is a wholly owned subsidiary company of Liquefied Natural Gas Limited. The project comprises the proposed development of an 8‐mtpa LNG project on a 115‐acre site, located on an established LNG shipping channel in the Lake Charles District, State of Louisiana, United States of America. The project is based on the development of four LNG production trains of 2 mtpa each using the Company’s wholly owned OSMR® LNG process technology.  

Magnolia LNG’s business model provides liquefaction services to LNG buyers who pay a monthly fixed capacity fee, plus all LNG plant operating and maintenance costs.   LNG buyers contract for liquefaction services under two contract models – a Liquefaction Tolling Agreement, whereby the LNG export terminal is only responsible for processing natural gas into LNG, and an LNG Sales and Purchase Agreement under which the customer buys LNG on a free on board basis (FOB).   

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 subsidiary, which is developing an 8 mtpa LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
  • Bear Head LNG Corporation (Bear Head), a Canadian based subsidiary, 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 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 subsidiary which owns and develops the Company’s OSMR® 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.

• Magnolia LNG Receives Draft Environmental Impact Statement

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