Australian company LNG Ltd said it was no longer proceeding with its plans for a coal-seam-gas-to-LNG project at the Fisherman’s Landing site it acquired at the Port of Gladstone in the eastern Australian state of Queensland where three other plants are in operation.

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Liquefied Natural Gas Ltd, the Australian company developing LNG export plants in the US and Canada, has been required to issue a second statement in under a year to the Australian Securities Exchange after a 23 percent surge in its shares in three days.

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Liquefied Natural Gas Ltd, the Australian company developing LNG export plants in the US and Canada, is holding a roadshow in its native country to promote the Magnolia LNG plant in Louisiana and the Bear Head facility planned for Nova Scotia.

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