The effects of variation in the intercritical quench temperature of quench, intercritical quench, and temper (QLT) heat treatments on the microstructure and cryogenic mechanical properties of a 7 pct Ni steel are presented. The intercritical temperatures were in the range of 923 K to 983 K (650 °C to 710 °C) and were followed by quenching. The microstructures as determined by optical microscope, scanning electron microscope, and transmission electron microscopy, and X-ray diffraction are presented, and the results of low-temperature mechanical property tests are given. It is shown that both the grain size and the martensite lath width increased as the intercritical quench temperature increased, while the measured amount of reversed austenite decreased with increasing temperature. Higher amounts of stabilizing elements, such as Ni and Mn, which can improve the stability of reversed austenite, were absorbed by intercritical quenching from 963 K and 983 K (690 °C and 710 °C) than from 923 K and 943 K (650 °C and 670 °C). Both the stability and the amount of reversed austenite had critical effects on the cryogenic mechanical properties of the steel. An excellent combination of cryogenic strength and toughness was achieved by intercritical quenching from 963 K (690 °C), indicating that based on the cryogenic mechanical properties, 7 pct Ni-QLT steel could be used in place of 9 pct Ni steel for liquefied natural gas projects.