Fisherman’s Landing LNG Project at Gladstone, Queensland

By Joseph R. Fonseca
Monday, June 30, 2014

 

Liquefied Natural Gas Limited advises that the Gladstone Ports Corporation Limited (GPC) has granteda three month extension to the site agreement to lease at LNGL’s Fisherman’s Landing LNG project on the mainland at Gladstone Queensland,  Australia,  from  30  June  2014 to  30  September  2014.  The  extension  follows  a Company submission on the status of  gas supply for the first  LNG  Train that will produce a guaranteed 1.5 million tonnes per annum of LNG (mtpa) and a nameplate capacity of 1.9 mtpa.
 

Company  Managing  Director  and  Chief  Executive  Officer  Mr  Maurice  Brand  said  that  he
anticipated being able to provide further information on gas supply during the third quarter of
2014.   Whilst the project has been on hold since March 2010,  all  approvals  are  in place to
recommence construction once gas has been secured and banking agreements re-established.   
 
“We  are  appreciative that the Board of GPC has  granted  a further  extension.  The Company
accepts that if we are unable to provide substantial further progress on gas supply during the
next quarter, then the Board of GPC will reconsider again in late September 2014 any further
extensions based on the progress made, “ said Mr Brand. 


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