Oil and Gas News

LNG Ltd seeks expressions of interest

Liquefied Natural Gas Limited (ASX: LNG) (administrators appointed) (the company) is seeking expressions of interest for a recapitalisation of the company or transactions in relation to its remaining assets.

The company’s key asset is a 100 per cent owned interest in Bear Head liquified natural gas (LNG), a proposed 8mtpa (million tonnes per annum) or greater LNG export terminal in Nova Scotia.

The 327 acre site is located on the naturally deep waters of the Strait of Canso in Point Tupper, Richmond County, Nova Scotia.

The project has obtained Canadian federal, provincial, and local regulatory approvals to construct a liquefied natural gas export facility.

Bear Head LNG holds a perpetual licence to use optimised single mixed refrigerant (OSMR) technology.

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