Liquefied Natural Gas Limited announced that Gladstone Ports Corporation has extended the term of the Agreement for Lease, to 30 June 2014.
The Site Agreement:
The extension follows a meeting with the Port to update progress of the LNG Project and to outline the two gas supply paths being pursued. The two gas supply paths are:
The Company’s Managing Director, Mr Maurice Brand , said “we remain firmly of the view that the Fisherman’s Landing LNG Project provides a lower cost alternative to other LNG projectsin Australia and an opportunity for gas suppliers, with uncommitted gas resources, to access higher international gas prices. We will be using all endeavoursto secure such gasresourcesforthe LNGProject”.
[mappress] LNG World News Staff, May 31, 2013; Image: LNG Ltd