Innovative Mid-Sized US LNG Export Project Focused on Delivering Flexible Supply Terms to Asian Markets Makes Significant

Innovative Mid-Sized US LNG Export Project Focused on Delivering Flexible
Supply Terms to Asian Markets Makes Significant Progress

Texas LNG LLC Submits DOE Application to Export LNG to FTA & non-FTA Countries
and Secures Exclusive Option to Lease Site at Port of Brownsville, Texas, USA

Houston, Texas, Jan. 7, 2014 (GLOBE  NEWSWIRE) -- Texas LNG LLC ("Texas  LNG", 
www.txlng.com) announced that on December 31 2013, it has filed an application
to the  United States  Department  of Energy  (DOE) seeking  authorization  to 
export up to 2 MTA (million tonnes  per annum) of Liquefied Natural Gas  (LNG) 
to FTA  (Free  Trade Agreement)  and  non-FTA markets.  This  key  achievement 
follows Texas  LNG's  execution of  an  exclusive lease  option  agreement  in 
December 2013 with the  Port of Brownsville  in South Texas,  USA to secure  a 
prime location to develop its innovative export project.

"Our DOE  application  to  export LNG  to  FTA  and non-FTA  countries  is  an 
important milestone in  realizing Texas LNG's  strategic objective to  provide 
maximum flexibility to our offtake customers," remarked Vivek Chandra, CEO  of 
Texas LNG. "We  expect to  receive FTA  export approval by  the end  of Q1  or 
beginning of Q2 2014, and non-FTA later in the year. In the meantime, we  are 
progressing our engineering  efforts and  discussions with  investors and  LNG 
buyers."

Texas LNG  will  employ a  toll  processing  business model  whereby  the  LNG 
customer will pay  Texas LNG  a fee  for converting  natural gas  into LNG.  A 
tolling arrangement  provides  offtakers  with  enhanced  flexibility  through 
manageable volumes, low processing costs, maximum arbitrage between global gas
markets, and freedom to determine its  preferred source and pricing index  for 
feed gas. Texas LNG's smaller size, innovative technical strategy, experienced
team, physical presence  in Asia-Pacific and  Middle East, commercial  acumen, 
and flexible model will differentiate its project from larger and more complex
projects being promoted by companies such as Cheniere Energy, Inc. (NYSE  MKT: 
LNG) as well as projects promoted by other independents.

Texas LNG's 51  acre site located  along the Port  of Brownsville's  deepwater 
channel provides an optimal location to  develop an LNG export facility.  "The 
Port of Brownsville is pleased that Texas LNG has selected our Port to develop
its innovative LNG export  project," stated Port Director  and CEO Eduardo  A. 
Campirano. "Texas LNG's project highlights the Port of Brownsville's strategic
position, given its close proximity to the massive shale and conventional  gas 
resources in South Texas and its deepwater ship channel which can  accommodate 
most LNG export ships."

"Texas LNG is  delighted to  develop its  LNG export  project at  the Port  of 
Brownsville, ranked number 1 of the Top  25 Foreign Trade Zone Exports in  the 
United States,"  said  Mr.  Chandra.  "The  Port  of  Brownsville's  strategic 
geographic location  as one  of the  closest ports  to the  Panama Canal  will 
facilitate our efforts to source feed gas from South Texas gas fields such  as 
the Eagle Ford, where  large volumes of gas  are currently flared and  vented, 
thereby providing both a  positive environmental and  economic benefit to  the 
region."

Texas LNG's pioneering export facility  concept involves a liquefaction  barge 
to be fabricated  offsite by  an experienced  and qualified  shipyard. At  the 
Texas LNG site, the barge  will be permanently "grounded"  so that it will  no 
longer be a floating vessel.

"Our unique barge-based  liquefaction solution enables  Texas LNG to  minimize 
complex onshore civil construction works,  reduce the need to construct  large 
LNG tanks onsite, reduce the overall local environmental and labor impact, and
expedite speed  to market,"  said Mr.  Chandra. "We  are in  discussions  with 
shipyards and EPC contractors to  design and construct the liquefaction  barge 
and associated onshore facilities. We have also received favorable indications
from both potential natural gas buyers and producers interested in  committing 
supply."

Texas LNG anticipates that LNG export  could commence in early 2018 given  its 
smaller scale and  footprint, lower  Capex requirements, and  speed to  market 
strategy. The Company plans to make a request to the Federal Energy Regulatory
Commission (FERC)  to  begin  the  pre-filing process  by  the  end  of  2014. 
Commencement of construction is  subject to regulatory  approvals and a  final 
investment decision  (FID) contingent  upon Texas  LNG obtaining  satisfactory 
construction contracts and long-term customer contracts sufficient to underpin
financing of the project.

About Texas LNG

Texas LNG LLC is  an independent Houston-based energy  company engaged in  LNG 
related businesses with  presence in  Asia-Pacific (Australia  and China)  and 
Middle East (Dubai,  UAE). Key members  of its management  and technical  team 
have extensive LNG,  gas and  large engineering and  ship construction  global 
project experience, as well as long-term relationships in LNG markets and with
capable shipyards and  EPC contractors.  The company  is focused  on speed  to 
market, LNG  offtake  flexibility,  efficient use  of  capital,  and  creative 
technical solutions, and is well positioned to commence production of LNG  for 
export to FTA and non-FTA markets in early 2018.

Vivek Chandra, Chief Executive Officer of  Texas LNG, is a recognized LNG  and 
natural gas commercial,  financial, technical  and legal  expert and  advisor. 
Over the past 24+ years, he has worked on LNG export and receiving projects in
North America,  Middle  East  and  Asia-Pacific.  He  is  a  published  author 
(Fundamentals of  Natural  Gas:  An International  Perspective,  published  by 
Pennwell), director  of Natural  Gas  & LNG  Dynamics, an  executive  training 
course held on five  continents, and a frequent  presenter at global gas  and 
LNG conferences. Mr.  Chandra has  served in executive  positions with  Nexus 
Energy (Australia),  Dubai  Energy and  Dolphin  Energy (both  in  UAE),  ARCO 
International  Oil  and  Gas  Company  (Alaska,  California  and  Texas),  and 
Schlumberger Overseas (USA and SE Asia).  Mr. Chandra holds a BSc. degree  in 
Geophysical Engineering from the Colorado School of Mines, a MSc. in Petroleum
Energy Management and Policy  from the University  of Pennsylvania, a  Diplome 
D'Ingenieur from  the  French Petroleum  Institute  (IFP), and  a  Masters  in 
Commercial Law from Deakin University, Australia.

Langtry Meyer,  Chief  Operating Officer  of  Texas  LNG, has  over  20  years 
experience  in  strategy   and  business  development,   having  worked   with 
international entities on multi-disciplined  projects across the Middle  East, 
Asia-Pacific, Africa, Europe, and North  America. Previously Mr. Meyer  served 
in executive roles with the Majid Al Futtaim Group (UAE), Samsung  Engineering 
(Korea), the Samsung Group Office of the Chairman (Korea), and major financial
institutions including ABN AMRO Bank (The Netherlands & France) and Hypo  Bank 
(Germany &  USA). He  is a  graduate of  Stanford University  (BA  Economics), 
INSEAD (MBA), and is a CFA (Chartered Financial Analyst) Charter holder.

Mike Maloney,  Chief Technical  Officer of  Texas LNG,  has over  40 years  of 
experience in large-scale gas and LNG project management, project construction
and engineering. His senior role responsibilities have also included  project 
design, contract negotiations, quality assurance  and risk management. He  has 
been responsible for - and delivered - major onshore and offshore gas and  oil 
projects in Australia,  the North  Sea, India, Malaysia,  Vietnam, Timor  Sea, 
Japan and  South  China Sea,  and  has  worked with  large  integrated  energy 
companies, multi-national  engineering contractors  and independents.  He  has 
previously held senior  management positions with  ExxonMobil, ENI Group,  BHP 
Petroleum, Clough Engineering, and AGR Asia Pacific.

Additional information  about  Texas LNG  may  be found  on  its web  site  at 
www.txlng.com.

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