2014 Media Releases

Deutsche Bank today announced its appointment as the depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Liquefied Natural Gas Limited (LNG Ltd).

LNG Ltd (OTC US: LNGLY) is an Australian company listed on the Australian Securities Exchange.  LNG Ltd is primarily engaged in the identification and progression of opportunities for the development of liquefied natural gas (LNG) projects and the company’s vision is to bring a dynamic concept of mid-scale LNG plants to the international energy market. LNG Ltd’s projects include the development of its 100% owned 8 million metric tons per annum (mtpa) Magnolia LNG Project in the Port of Lake Charles, Louisiana, and 100% owned 3 mtpa Gladstone LNG Project in the Port of Gladstone, Queensland, Australia.  LNG Ltd is also pursuing other global mid-scale LNG project opportunities, with all projects to include LNG Ltd’s 100% owned OSMR® LNG process technology, featuring a lower capital cost, lower emissions and higher efficiency rating than traditional LNG processes. LNG Ltd is headquartered in Perth, Western Australia, with an office in Houston, Texas and Lake Charles, Louisiana.* 

Naomi Flutter, Head of Global Transaction Banking - Australia & New Zealand at Deutsche Bank said, “We are delighted to be acting as depositary bank on this ADR transaction with Liquefied Natural Gas Limited. This demonstrates Deutsche Bank’s commitment to ADR issuers in Australia and we look forward to providing this client with the highest level of service for their newly-launched program."

*Source: Liquefied Natural Gas Limited (January 2014)