Liquefied Natural Gas Limited Goldman Sachs Presentation 29 May 2014 Magnolia LNG on track for Top 10 US export project ASX: LNG and OTC ADR: LNGLY
Company Snapshot LNG Limited (LNGL) is a Liquefied Natural Gas (LNG) developer with a focus on developing LNG projects utilising its whollyowned OSMR LNG technology Asset Portfolio Board of Directors Magnolia LNG Under development…
Project Overview LNG Limiteds flagship Magnolia LNG Project, Louisiana USA 8 million tonne per annum (mtpa) LNG facility in the Port of Lake Charles, Louisiana, USA using LNGs patented OSMR LNG Technology Robust Financial…
Success Factors for Developing an LNG Project 1. Securing Executive Management Expertise 2. Securing a LNG Site 3. Procuring Gas Suppliers 4. Connecting Natural Gas Pipelines to LNG Site 5. Satisfying all Permits and…
Factor 1: Securing Executive Management Expertise LNG Limited: Executive Management Team Maurice Brand Norman Marshall Paul Bridgwood Managing Director/CEO Chief Financial Officer Chief Technical Officer Over 20 years in…
Factor 1: Securing Executive Management Expertise (contd) Magnolia LNG: Executive Management Team Rick R. Cape John G. Baguley Chief Commercial Officer Chief Operating Officer Over 30 years of leadership experience in Over 30…
Factor 2: Securing a LNG Site 116 acre Magnolia LNG site is PLC Tract 475 Industrial Canal off the Calcasieu Shipping Channel and opposite existing Trunkline LNG Import Terminal Project site has minimal marine investment…
Factor 3a: Procuring Gas Suppliers shale gas production in the US* Magnolia LNG requires 0.1 Tcf/year for each 2mtpa LNG train or 2 Tcf over 20 years US natural gas reserves totalled 334 Tcf and Shale Gas reserves totalled…
Factor 3b: Procuring Gas Suppliers LNG export from the US* U.S. natural gas imports and exports, 200040 (trillion cubic feet Tcf)* Tcf US becomes an overall net exporter of natural gas in 2018 US LNG exports from new…
Factor 4: Connecting Natural Gas Pipelines to LNG sites Magnolia LNG has secured pipeline capacity rights from Kinder Morgan Louisiana Pipeline LLC (KMLP) The KMLP Pipeline is underutilised and located on Magnolia LNG…
Factor 4: Connecting natural gas pipelines to LNG sites (continued) Magnolia LNG has entered into a legally binding pipeline capacity agreement with Kinder Morgan Louisiana Pipeline LLC (KMLP) for 20yrs to deliver gas to…
Factor 5a: Satisfying all Permits and Regulatory Approvals There are two main Federal Agencies that regulate LNG Projects in the United States US Department of Energy (DOE) Federal Energy Regulatory Commission (FERC) In February…
Factor 5b: Status of US LNG Projects NonFTA Capacity Offtake FTA NonFTA First LNG FERC 'filing' Project (Company) Location Sponsor Approval FERC Status mtpa mtpa Approval Approval Proposed Date mtpa Sabine Pass Louisiana Cheniere…
Factor 6: Securing Tolling Agreements with LNG Buyers LNG Tolling Model Four NonBinding Tolling Agreement Term Sheets in place 20 year term, plus a 5 year extension option 1. Brightshore Overseas Ltd Fixed Monthly Capacity…
Factor 7: Securing Fixed Priced Engineering, Procurement and Construction (EPC) Contract Selected SKEC Group (Korean) as preferred EPC Contractor Modular LNG Plant: 2mtpa LNG train SKEC Indicative EPC cost estimate of US 1.57…
Factor 8: Securing Project Financing Equity & Debt Magnolia LNG Project The estimated capital cost of Phase 1 remains at US2,200 million. Financing Plan 70% project debt financing and 30% Project equity financing by Stonepeak Equity…
Factor 9: Developing a Technological Advantage Proposed Technology: OSMR LNG Technology LNG Limiteds Optimised Single Mixed Refrigerant (OSMR) process has the following main features, which contribute to its higher efficiency: Aero…
LNG Limiteds Progress to Date October 2013 January 2013 July 2013 Application to DOE to Secured site for the 2 mtpa nonbinding export an additional 4 mtpa December 2013 Magnolia LNG Tolling Term Sheet signed of LNG to FTA…
LNG Limiteds Progress to Date (contd) January 2014 March 2014 May 2014 Executed Precedent LNGL announces fourth Tolling LNG Limited completes Agreement with Kinder Agreement term sheet signed with Equity Share Placement Morgan…
Components on Track on Track for Financial Close mid2015 Binding Equity Agreement* Binding Tolling Agreements Binding Term Sheet for Project USD 660 million equity 4 Term Sheets signed for up Debt available to fund 100% of to 7mtpa…
Investment Highlights Magnolia LNG Magnolia LNG strategically located in Louisiana USA for exposure to dynamic export LNG sector supported by abundant US gas reserves Early mover advantage for US Government support for export LNG…
Gladstone LNG Project Path Forward Gas Supply LNGLs major focus remains to secure adequate gas supply for the first LNG Train either through the PetroChina Australia Letter of Intent and/or directly under Gas Sale…
Features of OSMR LNG Technology Aero Derivative Gas Turbines Efficient Ammonia Refrigeration Plant Compressors Driven by Steam Turbines from Better fuel efficiency compared to Waste heat powered CHP plant Industrial Turbines…
OSMR vs Conventional Liquefaction LNG Plants LNGLs OSMR process provides an APCI C3/MR CoP Cascade OSMR alternative which is simple, efficient, low cost and uses proven conventional Train Size (mtpa) 4.1 3.9 1.9 technologies…
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