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IDG Energy Investment invests in Liquefied Natural Gas Limited An ASX listco which holds a fully permitted US greenfield liquefaction project

(June 4, 2018 - Hong Kong) IDG Energy Investment Group Limited (“IDG Energy Investment” or the “Company”, stock code: 650.HK) is pleased to announce that it has entered into a share subscription agreement with Liquefied Natural Gas Limited (“LNGL”, ASX Code: LNG and OTC ADR: LNGLY) with a total consideration of A$28.2 million (approximately HK$166.8 million). Upon completion of the subscription agreement, the Company will hold 9.9% of equity interest and be the second largest shareholder of LNGL.

The subscription monies will principally be used in support of LNGL’s ongoing liquefied natural gas (LNG) offtake marketing efforts, focusing on Magnolia LNG project. The completion of the transaction is not conditional on any Australian or foreign government approvals.

LNGL is an Australian Securities Exchange (“ASX”) listed company that holds a competitive position in the mid-scale LNG industry. Among its other projects, Magnolia LNG is considered one of the most viable greenfield liquefaction projects in the world today. The project is developing an 8 mtpa or greater LNG export terminal, in the State of Louisiana, on the Southeastern coast of the US, and has obtained all required US Federal Energy Regulatory Commission (FERC) and US Department of Energy (DoE) permits and approvals.

Mr. LIU Zhihai, President of IDG Energy Investment, commented: “We are excited to announce our investment in and support for LNGL and its Magnolia LNG project, which we see as one of the best positioned U.S. liquefaction projects to deliver needed LNG exports to Asia. IDG Energy Investment is particularly bullish on the long-term outlook for U.S. LNG into China, and thistransaction represents an important component for our core investment strategy along LNG value chain. We believe that it will bring long-term benefits for our shareholders.”

Mr. Greg VESEY, LNGL’s Managing Director and CEO, “With the endorsement from IDG Energy Investment, a renowned investment company focused on energy assets, we are confident that thisstrategic relationship will provide LNGL with additional opportunitiesto market LNG volumes in Asia, given the portfolio of infrastructure investments of IDG Energy Investment and IDG Capital, including re-gasification interests.”

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