Liquefied Natural Gas Limited (LNGL)

Business description

Liquefied Natural Gas Ltd is an ASX-listed company devoted to the development of LNG export terminals in the US, Canada and other potential locations. It has traded ADRs.

Stock data

Market cap.A$323.2m
Last closeA$0.63
High / Low (52 weeks)A$1.1 / A$0.5
Stock market listingAU, US
Forecast net cash (A$m)35
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(16.3)(6.7)11.5
Relative *(18.5)(8.7)(2)

* % Relative to local index

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Company news

Ships steer bullish bets for liquefied natural gas

Mon, 23 Jan 2017 09:01:25 GMT

LIQUEFIED NATURAL GAS LIMITED (LNGL) | COMPANY PROFILE

Tue, 14 Mar 2017 15:40:42 GMT

Liquefied Natural Gas Ltd (ASX:LNG) Magnolia LNG Site Lease Agreement

Sun, 26 Mar 2017 22:30:00 GMT

Liquefied Natural Gas Ltd (ASX:LNG) Bear Head LNG TERMPOL Review Completed

Sun, 19 Mar 2017 22:52:30 GMT

Liquefied Natural Gas Ltd (ASX:LNG) Investor Conference Call and Presentation

Fri, 24 Mar 2017 05:37:30 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (87.0) (86.0) 0.0 N/A N/A
2016A 0.0 (115.0) (115.0) 0.0 N/A N/A
2017E 0.0 (42.0) (42.0) 0.0 N/A N/A
2018E 103.0 61.0 61.0 0.0 N/A N/A

Last updated on 20/02/2017

Latest research

Good start to the year

ADR Update | Oil & Gas | 31/01/2017

Good start to the year

Update | Oil & Gas | 31/01/2017

Magnolia progresses

ADR Update | Oil & Gas | 19/12/2016

Magnolia progresses

Update | Oil & Gas | 19/12/2016

Ready to pull the trigger on Magnolia

ADR Outlook | Oil & Gas | 28/10/2016

Ready to pull the trigger on Magnolia

Outlook | Oil & Gas | 28/10/2016

Awaiting binding tolling agreements

ADR Update | Oil & Gas | 26/04/2016

Awaiting binding tolling agreements

Update | Oil & Gas | 26/04/2016

Assets and long-term growth

Outlook | Oil & Gas | 15/07/2015

Assets and long-term growth

ADR Outlook | Oil & Gas | 15/07/2015

Critical six months

Update | Oil & Gas | 03/02/2015

ADR update: Critical six months

ADR Update | Oil & Gas | 03/02/2015

Investment summary

Liquefied Natural Gas (LNGL) has already announced two encouraging updates in 2017. On 30 January, the EPC contract with KSJV was extended to the end of June 2017, giving greater construction price certainty as and when the final investment decision (FID) is taken. On 23 January, it announced a Heads of Agreement (HOA) with KG LNG terminal in India for 4mtpa for 20 years. While non-binding, this suggests the company is making progress towards financial close for Magnolia’s 8mtpa export project. As it works to retain as much cash as possible until the FID is reached, LNG is making good progress towards monetising the OSMR technology and Magnolia project. We leave our valuation unchanged, but note that if a binding contract is agreed with KG LNG it would be a major step towards realising the significant potential of the Magnolia project. Bear Head (with all environmental approvals obtained) remains a further option on the growing LNG trade in years to come.

Last updated on 02/03/2017

Key management

Richard Beresford, Chairman
Mike Mott, CFO
Norman Marshall, CFO

Company address

Ground Floor
5 Ord Street
West Perth
WA
6005
Australia
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