LNG

Energy World Corp., the Australian-listed company with LNG and power projects in the Philippines and Indonesia, has launched a capital-raising operation among shareholders and is seeking loans from financial institutions to help complete its various ventures.

Energy World Corp., the Australian-listed developer of LNG and power projects in the Philippines and Indonesia, has apologised to shareholders for the slow progress and pointed out that just by almost standing still the assets had gained in value.

Energy World Corp., the owner and developer of LNG import terminals, liquefaction facilities and power plants in Indonesia, the Philippines and Australia, reported lower fourth-quarter net income after disposing of Indonesian assets.

First Gen Corp. of the Philippines has chosen BW LNG of Singapore to provide a floating storage regasification unit (FSRU) for its LNG import terminal project at Batangas in Luzon.