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.

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.

Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making more progress on its Indonesian and Philippines ventures, including the Sengkang LNG production plant, as it successfully completed the installation and start-up of two gas compressor units.