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Sydney - Wednesday - September 21: (RWE Aust Business News)
Newly-listed Liquefied Natural Gas Ltd has signed a memorandum of intent with a major Indian industrial group for the 15-year supply of up to 365,000 tonnes a year (1000 tonnes a day) of liquefied natural gas (LNG)
to the customer's operations in Southern India.
The company's total LNG supply under memorandums of intent is now up to 1.35 million tonnes a year (3700 tonnes a day). The LNG will be used by the new customer to replace its present use of higher-priced oil-based products. Shares in Liquefied Natural Gas yesterday rose 4c to 28c, which is the highest price since listing on September 14. Issue price was 20c.
Cheers,
Ace.
liquefied natural gas signs up customer in india
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