Beach Energy and Itochu Identify Potential Sites for 1 Million-Ton LNG Facility in South Australia

BANGALORE, INDIA--December 1, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The memorandum of understanding between Beach Energy Limited (ASX:BPT) (Adelaide, Australia) and Itochu Corporation (TYO:8001) (Osaka, Japan) to develop a liquefied natural gas (LNG) facility and offloading terminal in South Australia is progressing after the joint venture (JV) companies announced that they have identified potential sites for the complex.