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...
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