Liquefied Natural Gas Limited (the "Company"), which listed on the Australian Stock Exchange in September 2004 (ASX Code LNG), brings a new concept to the international energy market.
It has been formed to act as an energy link between previously discovered but non commercial gas reserves and existing, and potential new, energy markets identified by the Company.
The gas will be shipped to these energy markets as liquefied natural gas (LNG). The energy link strategy is being implemented by a team of industry professionals with a proven track record in the development and operation of international energy projects.
In December 2007, Arrow Energy Limited acquired a 10.3% shareholding to become the Company’s 2nd largest shareholder. Arrow Energy is one of Australia’s leading producers of coal seam gas with significant assets throughout eastern Australia and Asia. Arrow Energy and the Company have entered into a Heads of Agreement under which Arrow Energy will supply gas to the Company’s Gladstone “Fisherman’s Landing” LNG Project, at the Port of Gladstone, Queensland. Arrow Energy and the Company are also co-operating in the identification of other coal seam gas to liquefied natural gas production projects in Australia and Asia.
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