Baupost Boosts Stake In LNG

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Mani
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Seth Klarman’s Baupost Group has enhanced its stake in Perth-based Liquefied Natural Gas Ltd (ASX:LNG) to 10.08% from 8.82%. Until recently, the company’s shares had risen by over 1000%, with most of the gains coming this year. LNG to gain from American shale boom Australia’s Liquefied Natural Gas shifted its focus from Australia and joined a list of companies including Cheniere Energy, Inc. (NYSEMKT:LNG) that are planning gas export projects driven by the U.S. shale boom. The company’s LNG development may begin production in 2018. Moreover, Asia’s LNG buyers accounted for about three-quarters of global consumption in 2013. They are now considering…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports