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.

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Energy World Corp., the Australian-listed company with LNG projects in the Philippines and Indonesia, has completed a transaction Standard Chartered Private Equity of Singapore to keep its ventures moving forward.

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Energy World Corp., the Hong Kong-based and Australian-listed LNG developer, reported mixed preliminary full-year results as it progressed with its Philippines LNG and power hub and small-scale liquefaction plant at Sengkang in Indonesia where its production sharing contract is expected to be renewed.

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