Liquefied Natural Gas Ltd 2019 Annual Report

Liquefied Natural Gas Ltd   (ASX:LNG) maintains its confidence in delivering an FID on Magnolia LNG, for the following reasons:

– Global appetite for significant new sources of LNG in the 2020s remains absolute;

– Feedback from buyers supports the competitiveness of Magnolia LNG’s commercial offering;

– Magnolia LNG’s smaller capacity size enables achievement of a critical mass in contracting firm offtake to drive FID as compared with larger projects;

– Market opportunities beyond China are robust and LNGL is very actively progressing negotiations with these parties;

– Our cost structure remains one of the most competitive in the entire industry; and

– We remain one of the most advanced liquefaction developments in the world providing buyers with confidence that we can achieve financial close, construction, and operation on agreed timelines.

Source / More : Liquefied Natural Gas Ltd

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