LNG

Jan 20 - Liquefied Natural Gas Ltd. of Australia said an EPC contract was signed in Beijing between China Huanqiu Contracting & Engineering Corp. (HQC) and the company's wholly owned subsidiary Gladstone LNG Pty Ltd, for an LNG project at Fisherman's Landing in the Port of Gladstone. The signing follows the completion of front-end engineering and design by HQC and provision of an estimated EPC contract price of US$760 million. The EPC contract price is for 1 LNG train, including LNG tank and related infrastructure (but excluding marine works), with guaranteed LNG production capacity of 1.5 million tonnes per annum. Based on the EPC contract price, LNG Ltd.'s total estimated development cost, including marine works, remains at $1.1 billion for 1 LNG train, the company said.