LNG, LIQUEFIED NATURAL GAS LIMITED

[crooky]

In Reply To: mercury's post @ Apr 12 2013, 01:52 PM

will run out of cash by June , WCL & LNG farked if deal NOT done

[mercury]

LNG SEEM TO have a welcome technology. But they have NO MONEY. Their cash burn rate...would put them at about zero right now. and I reckon a raising of some sort will need to be done/

Merc

[mercury]

Anybody cluey out there with a finger on the future or LNG. They have those patents secured in China....and that seems a real positive for me.

Merc

[veeone]

CHINESE PATENTS UPDATE OSMR® TECHNOLOGY

The Directors of Liquefied Natural Gas Limited (“Company”) (ASX Code: LNG) are pleased to announce that the Company has been issued its second and final Certificate of Invention Patent from the State Intellectual Property Office of the People’s Republic of China.

The Company now has Patents in China to protect its two primary inventions being:

 A Method and System for Production of Liquid Natural Gas (“OSMR® process”); and

 Boil-off Gas Treatment Process and System (“BOG treatment process”).

“We are very pleased that the Company’s primary inventions are protected in a market as big as China. As worldwide economic and capital constraints are likely to limit investment in larger LNG Projects, we expect and are finding more interest in the OSMR® Technology. Having Patent protection in China, and in other important jurisdictions, allows the Company to move forward with other international opportunities as well as Gladstone Fisherman’s Landing LNG Project in Queensland, Australia”, said Mr Maurice Brand, the Company’s Managing Director and Joint CEO.

The OSMR® process is based on a proven simple single mixed refrigerant system with the addition of conventional combined heat and power and ammonia refrigeration technology to significantly enhance the plant performance (LNG output and overall process efficiency). This results in a plant cost of around half that of competing technologies (based on $/tpa) and an overall plant efficiency which is around 30% better than others (i.e. 30% less carbon emissions). This, together with the Company’s plant modularisation and construction strategy, substantially improves project economics.

The OSMR® process is planned to be used in the Company’s 3 million tonnes per annum Gladstone Fisherman’s Landing LNG Project in Queensland, Australia. China’s Huanqiu Contracting & Engineering Corporation is currently preparing an engineering, procurement and construction proposal based on the OSMR® process.

[crooky]

In Reply To: veeone's post @ Feb 17 2012, 08:48 AM

Bought back in today , seem to have their fingers in all of the pies atm .

should have gone it when I noticed the bots working it over , Jan 27th 2012

[veeone]

In the subsequent events for half year report just out

Based on the estimated EPC Contract price, the Company’s total estimated development cost, including marine works and other development and financing costs, remains at approximately $1.1 billion for one LNG train.

The Company and HQC will now proceed on an open book basis to complete the detailed engineering design and agree a fixed lump sum EPC Contract price and bankable EPC Contract, by 30 June 2012. The objective is to have the definitive and legally binding Fixed Price EPC Contract agreed and ready for signing on the Gladstone LNG Project securing gas supply and progressing to Final Investment Decision (FID). The EPCSOBC includes an agreed detailed EPC Contract term sheet, which will form the basis of the final Fixed Price EPC Contract.

[crooky]

Bots seem to be working hard to push LNG up . what gives.??

[veeone]

Was hoping for a bit more of where they were procurring supplies etc..........V1

GLADSTONE "FISHERMAN’S LANDING" LNG PROJECT UPDATE

The Directors of Liquefied Natural Gas Limited (ASX: LNG, Company) are pleased to provide an update on the Company’s wholly owned 3 million tonnes per annum LNG project at Fisherman’s Landing, in the Port of Gladstone, Queensland (LNG Project).

• The term of the Agreement for Lease (Agreement), between Gladstone Ports Corporation Limited (GPC) and Gladstone LNG Pty Ltd (a wholly owned subsidiary of the Company), has been extended for a further 6 months to 30 June 2012. The Agreement relates to the site for the Company’s planned LNG Project. The Agreement: o specifies the conditions, including the procurement of gas supply for the LNG Project, which are required to be satisfied by 30 June 2012, following which Gladstone LNG Pty Ltd will have a further six months to satisfy any "remaining conditions". These remaining conditions are primarily related to the obtaining of necessary approvals to recommence construction of the LNG Project;

o includes, as an annexure, the agreed definitive "Lease" (including all terms and conditions), to be executed by GPC and Gladstone LNG Pty Ltd, on satisfaction of the Agreement conditions. The "Lease" terms and conditions can only be varied by the mutual agreement of GPC and Gladstone LNG Pty Ltd; and

o subject to satisfying the Agreement conditions (including applicable government approvals), provides Gladstone LNG Pty Ltd with a 30 year lease over the LNG Project site, with Fisherman’s Landing being the only mainland area in the Port of Gladstone designated for an LNG project.

• The Company is continuing the process, with the active support of its major shareholder HQC, of reaching agreement with gas suppliers for the delivery of gas to Wallumbilla; Callide and Ipswich in accordance with the Company’s gas supply and delivery plan.

• The Company is continuing to progress all engineering, procurement and construction activities with HQC under a proposed Services & Open Book Conversion Contract which includes an EPC Contract Term Sheet. The benefit of this approach is that it allows the Company to work closely with HQC on a fully transparent basis to reduce costs and the overall construction schedule.

• The Company has taken the opportunity over the last six months to design the LNG train such that it can be fabricated in China, in only 5 modules, and shipped to Gladstone. This will minimise site construction costs in Gladstone.

[veeone]

Coal seam gas (CSG) protesters are expected to target the annual general meeting of a liquefied natural gas (LNG) company in Brisbane on Thursday.

The protesters say they will gather outside Liquefied Natural Gas Ltd's AGM at Brisbane's Sofitel Hotel to protest further LNG development in Gladstone harbour and CSG mining in NSW's Northern Rivers region.

'This company has plans to build a LNG export facility at Fishermans Landing in Gladstone, and is hoping to secure 1.5 million tonnes per annum of gas from the Northern Rivers to supply it,' Boudicca Cerese of Kyogle Group Against Gas said in a statement.

'... LNG shareholders should be aware that investing in gas supply from the Northern Rivers is a very risky proposition given the massive community opposition and uncertain regulatory environment in NSW.'
http://bigpondnews.com/articles/Finance/20...ing_688647.html

[LCZEL]

In Reply To: bluehavn's post @ Feb 18 2011, 03:10 PM

yep.....if fully consumated,will provide LNG the means to move the Gladstone project forward ( & replicate this model in other locations).

Look out for the gas supply agreement as this has been the stumbling block in the past.......once the market understands where the gas will come from for the first 1 or 2 trains,we should see LNG being rerated. Previously when the supply was to come from AOE ( before shell takeover), the stock has risen to the $1.90 level on the project moving forward....& no reason it won't do so again when the market understands where the gas is coming from & believes the Fisherman's Landing project is back on track.