SCT&E LNG's 20-Year Fixed-Price Natural Gas Supply Yields Another Signed Offtake MOU

HOUSTON, TX, AND CAMERON PARISH, LA / ACCESSWIRE / September 2, 2015 / SCT&E LNG, Inc. announced today the company has signed another non-binding Memorandum of Understanding (MOU) for the sale of liquefied natural gas from its future facilities to be constructed on Monkey Island in Cameron Parish, LA. The MOU for 0.7 million tons per annum (mtpa) of LNG is tied to SCT&E LNG's upstream 20-year fixed-price for natural gas. This multi-billion dollar agreement was signed with a South American counterpart developing an LNG import terminal in a country with whom the U.S. has a free trade agreement (FTA). On December 15, 2014, SCT&E LNG received export authority from the Department of Energy to export 12 mtpa of LNG to FTA countries.

SCT&E LNG's export project is currently scheduled to produce a total of 12 mtpa of LNG with shipments beginning as soon as late 2021 that will support this South American project, among others. Eric Smith, Executive Director of Business Development, states, "In May 2015, SCT&E LNG secured a 20-year fixed-price natural gas supply through a Memorandum of Understanding with a U.S. upstream natural gas supplier. This unique offering is attracting global buyers who seek a predictable and stable LNG price structure over the next two decades. It's also drawing significant attention from investors who recognize the value in offering buyers a fixed-pricing structure in addition to Henry Hub index-based LNG."

SCT&E LNG's business model seeks to export LNG via take-or-pay tolling agreements and is focused on supplying LNG to meet customer demands in 2021 and beyond. Earlier this month, the company announced an MOU it signed with a state-owned utility company in Asia for 1.0 mtpa.

Greg Michaels, Chairman and CEO, states, "This MOU demonstrates how many international LNG buyers are looking to the U.S. for stability in their LNG offtake pricing. You cannot get more stable than a fixed-price structure from the United States for your LNG!"

This week, the SCT&E LNG executive team is traveling to multiple Asian countries to meet with a number of offtakers and investors. To support these business transactions, SCT&E LNG is in the process of negotiating with investment banking firms for a capital raise. The company is focused on firms that specialize in large financial transactions.

About SCT&E LNG:

Originally established by Southern California Telephone Company, SCT&E LNG, INC. is a Nevada Corporation and a developer of an LNG export terminal. The SCT&E LNG project is currently modeled as an LNG tolling facility utilizing cryogenic technologies to liquefy natural gas for the exportation of natural gas globally. The SCT&E LNG plan is to liquefy approximately 1.62 billion cubic feet (bcf) per day of natural gas to create approximately 12 million tons per annum (mtpa) of LNG at its future facilities on Monkey Island, Cameron Parish, Louisiana.

Southern California Telephone Company, today doing business as SCT&E, is a successful twenty-year, privately owned United States Public Utility Company. The company was originally founded in 1994 as Wholesale Airtime, Inc. by CEO Greg Michaels. SCT&E is a telecommunications and energy company. SCT&E owns and operates a redundant telecommunications network and maintains facilities on both coasts of the United States. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority allowing it to buy and sell energy nationwide. SCT&E LNG has multiple locations, with its corporate office headquartered in Temecula, California.

Safe Harbor:

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe," "optimistic," "intend," "will," and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company's control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company's ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.

All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG's future results.

CONTACT:

Lisa Musick, Public Relations
SCT&E LNG, Inc.
15021 Katy Freeway, Suite 210
Houston, Texas 77094
lisa.m@sctelng.com
www.sctelng.com

SOURCE: SCT&E LNG, Inc.