Here are some of the comments and media releases from the company over the last fortnight
“I think what adds to a sense of gravitas for LNG Limited, particularly when engaging with new customers, is the wealth of experience in our staff,” says Vesey. “We have me [Chevron], John [KBR], our CFO Mike Mott [BG Group], our Chief Commercial Officer AG Gelotti [Chevron, Shell] and General Counsel Kinga Doris [Pacific Drilling] – these are big, internationally renowned firms. When customers engage with us and see that we’re industry experienced people, we already have their trust from the beginning,” says Vessey
“Our technology does give us an edge over other competing projects as it allows us to deliver a plant which is both highly energy efficient as well as cost efficient,” says Baguley. “It’s as much how we are delivering the technology as it is as what we are delivering,” says Baguley. “Sure, our technology is better, but our means of delivering it are also better, and I don’t think there are many organisations that could shift the way they do business to the extent that they could exploit what it is we’re able to do with this technology.”
The focus on mid-scale liquefaction is a trend that is shared across the industry, and Baguley believes this is a movement that was perhaps started by LNG Limited. Historically in the LNG business and other petrochemical industries, there is often the choice of very expensive facilities that are highly energy efficient or very inexpensive facilities that have poor energy efficiency. LNG Limited has “cracked that paradigm.”
Looking to the future, Vesey has ambitions of expanding the asset portfolio beyond Magnolia and Bear Head, with additional project sites all around the world as both a technology licensor and equity participant. “I’d like to see our technology licenced to projects around the world so we continue to prove how much of an advantage it is,” he says. For Baguley, finalising a new project will be the key turning point in the company’s history. “We have something that is substantially better than anything else that's available on the market,”
Construction on a US$4.5-billion liquefied natural gas plant in Cape Breton could start by as early as next year and at its peak create 1,500 jobs, says the chief technical officer of the company behind the project. “We expect to create 1,500 jobs in the construction phase,” John Baguley, chief technical officer at Liquefied Natural Gas Ltd., said in an interview Tuesday. “During the operational phase, on staff, we’re looking at 200-220 people.” Perth, Australia-based Liquefied Natural Gas, which has offices in Halifax, is the parent of both Bear Head LNG and Bear Paw Pipeline Corp. Bear Paw Pipeline is the Liquefied Natural Gas subsidiary planning to build a roughly $200-million, 62.5-kilometre pipeline from Goldboro in Guysborough County to Point Tupper in Richmond County.
LAKE CHARLES, LA (KPLC) - A liquified natural gas export terminal to be built at the Port of Lake Charles is a step closer to reality. At Monday's port meeting, the board of directors approved the signing of a 30-year ground lease with Magnolia LNG. Board members said it's a positive sign that Magnolia LNG is willing to take the next step - from lease option to actual lease. Construction on the Magnolia facility is expected to begin later this year, bringing 100 construction jobs and 70 permanent jobs as part of a billion dollar project.
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