LNG

Dec 13 (LNGJ) - Funds managed by Praxient Capital have acquired 1.64 million shares in Flex LNG. After this acquisition they will own a total of over 7.7M shares in FLEX, representing 6.16 percent of the company. FLEX was incorporated in 2006 and has four shipbuilding contracts with Samsung Heavy Industries for LNG Producer hulls using the SPB LNG containment system. However, it has been attempting to renegotiate SHI contracts amid doubts over the Gulf LNG contract in Papua New Guinea.