LNG

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.

Indonesia, the Asian liquefied natural gas producing country, has signed an agreement to receive LNG shipments from the Mozambique export project in the southeast African nation being developed by Anadarko Petroleum of the US.

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.