ASX/MEDIA RELEASE 9 JANUARY 2014 MAGNOLIA LNG PROJECT UPDATE

The Directors of Liquefied Natural Gas Limited (Company) wish to provide a general update on the development progress of its wholly owned 8 million tonnes per annum (mtpa) Magnolia LNG Project (MLNG Project), in Louisiana, United States of America (US). The MLNG Project is held through the Company's indirect 100% owned US subsidiary, Magnolia LNG, LLC (MLNG) and is being designed to comprise four LNG trains, each of 2 mtpa nominal (1.7 mtpa firm) LNG production capacity.