LIQUEFIED NATURAL GAS LIMITED ( LNGL )
other facility . But it ’ s not solely the significantly reduced environmental signature of OSMR ® that will allow LNGL to succeed . Baguley believes the industry to be at a key turning point , one that will favour the company .
“ The LNG industry has been in its present form for around 30-40 years , with the very first large-scale LNG project coming to market in the mid to late 70 ’ s . The one common challenge that the industry has faced is finding commonality and consistency ,” says Baguley .
Power in portfolio LNGL possesses a strong portfolio of assets , with two of its arguably bigger assets being the Magnolia LNG eight million mtpa export terminal in Louisiana and Bear Head 8-12 mtpa LNG export terminal in Nova Scotia .
“ When we build our Magnolia LNG project , it will be remarkably similar to our Bear Head project . As we are both the technology provider and the developer , it places us in a unique position to achieve replication among the facilities which provides high reliability ,” he says .
116 March 2017