Liquefied Natural Gas Ltd.: Appendix 4C and Quarterly Highlights

Perth, Feb 1, 2016 - Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL) holds a strong competitive position in the mid-scale LNG industry with our three LNG projects: Magnolia LNG, in Lake Charles, Louisiana, USA; Bear Head LNG in Richmond County, Nova Scotia, Canada; and Fisherman's Landing LNG, in Queensland, Australia. All three projects have essentially achieved full permitting and regulatory approval, have completed project engineering to advanced stages, and are ready to progress to construction.

Our patented OSMR(R) technology platform provides substantial competitive cost and efficiency advantages.

Like others in the energy industry, current weakness in energy markets and other factors have affected LNGL's progress in signing binding offtake to enable the projects to move at planned pace to FID, financial close, and construction. LNGL's ongoing work program reflects the impact of slowing industry conditions and includes:

- Commercial focus on signing binding offtake agreements for Magnolia LNG;

- Placing on hold our EPC and related contracts;

- Finishing residual engineering, regulatory and permitting work on our projects;

- Maintaining the projects in "ready mode" to enable fast track ramp-up once sufficient levels of binding offtake agreements are signed; and

- Prudently managing our cost base.

LNGL had approximately A$114 million at 1 January 2016 (inclusive of restricted and unrestricted funds). In applying our cost management strategy our existing cash position can sustain us through to the end of 2018. We believe that within this timeframe we will conclude sufficient offtake agreements to progress one or more of our projects to FID and financial close.

We remain confident in our fundamental view of global gas demand and the role the LNG industry has in meeting that demand. LNGL is well placed to participate in that delivery through execution of its Energy Link strategy.


Highlights

- Magnolia LNG signed a lump sum turnkey EPC contract with KBR lead KSJV

- Signed strategic alliance agreements with Siemens, Chart and EthosEnergy

- FERC issued the FEIS for the Magnolia LNG project

- The necessary waiting periods under U.S. law have elapsed and the FERC may issue the FERC Order on the Magnolia LNG at any time

- Appointment of experienced LNG executives: Anthony Gelotti as LNGL's Chief Development Officer and John Baguley as LNGL's Chief Technical Officer

- Appointment of Philip D. Moeller as NED, replacing Madam Yao Guihua

To view the full quarterly update, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-751246.pdf


About Liquefied Natural Gas Ltd

Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) is an ASX listed company whose portfolio consists of 100% ownership of the following companies:

- Magnolia, a US-based subsidiary, which is developing an 8 mtpa or greater LNG export terminal, in the Port of Lake Charles, Louisiana, USA;

- Bear Head LNG Corporation, 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;

- Gladstone LNG Pty Ltd, a subsidiary which plans to develop the 3.5 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.



Contact

Mr. Maurice Brand, Managing Director & CEO
LNG Limited
+61 8 9366 3700

Mr. Mike Mott, Chief Financial Officer
LNG Limited
+1 713 815 6909

Mr. Rick Cape, Chief Commercial Officer
Magnolia LNG LLC
+1 713 815 6915