Liquefied Natural Gas eyes US pipelines

Company News

In an effort to secure its position in the US LNG market, Perth based Liquefied Natural Gas Limited (ASX:LNG) has filed an application with the US Department of Energy and Office of Fossil Energy, to export up to 4 million tonnes per annum of LNG, to countries that have Free Trade agreements .

The company expects approval early next year and says it has secured an exclusive site access agreement with the Port of Lake Charles Harbour in the US state of Louisiana, where it has pegged its production and export facility.

LNG says the site has direct access to a number of existing under-utilised gas pipelines.
Liquefied Natural Gas booked a net loss of $16.6 million in the 2012 financial year.