Aminex, LNGL sign MOU to develop, market African LNG

Aug. 24, 2004
Aminex PLC, London, and Australia-based Liquefied Natural Gas Ltd. (LNGL) have signed a memorandum of understanding to cooperate in natural gas exploration, development, liquefaction, and transportation projects in and off East Africa initially and possibly other African areas later.

By OGJ editors

HOUSTON, Aug. 24 -- Aminex PLC, London, and Australia-based Liquefied Natural Gas Ltd. (LNGL) have signed a memorandum of understanding to cooperate in natural gas exploration, development, liquefaction, and transportation projects in and off East Africa initially and possibly other African areas later.

Aminex will source, develop, and produce stranded gas reserves, and LNGL will liquefy the gas and market and transport the LNG.

LNGL plans to build a number of 100-1,000 tonnes/day LNG plants with easy access to the gas reserves and deliver the LNG to international energy markets that cannot economically be supplied by pipeline or that are too small for the major international LNG suppliers.

LNGL has initiated MOUs with Indian companies GMR Energy Ltd (GMR) and PPN Power Generating Co. Ltd.—to supply existing power stations—and Apollo Infrastructure Projects Finance Co. Ltd. for a planned power plant at Pillai Perumal Nallur.