LNG

While the US state of California has shunned the LNG market in terms of exports and imports, Australian exploration and production company Sacgasco is aiming to revitalize western supplies through its stakes in eight Californian natural gas fields in the Sacramento Basin in the north of the state.

Australian exploration and production company Sacgasco has seen its shares rise by as much as 80 percent since it issued a report on a gas project in the Sacramento Basin of the US state of California suggesting the well could be coming on stream soon and that the area could support LNG exports.