Baupost Boosts Stake In LNG

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 North American supplies after a surge in...