Here is the article from The Australian today: Maurice Brand...

Here is the article from The Australian today:

Maurice Brand hopes to have cracked code


Maurice Brand hopes SeaNG’s design will support the development of a cheaper CNG vessel

• The Australian
• 12:00AM September 13, 2017
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• PAUL GARVEY
  
  Resources reporter
  Perth
  @PDGarvey
  

Maurice Brand, the man behind one-time market darling LNG Ltd, is getting back on the horse.
Mr Brand’s new project, Global Energy Ventures, will today announce it has acquired a business that claims to have cracked the code needed to make the shipping of compressed natural gas work. GEV will confirm it has raised $4m in fresh equity to fund its acquisition of Calgary-based SeaNG Corp, which has a new design that allows for cheaper and more cost-effective development of CNG vessels.
CNG has long shaped as the missing link in the exploitation of gas resources considered too small to justify costly dedicated LNG facilities and too remote to connect to a gas pipeline.
Mr Brand hopes SeaNG’s design will support the development of a cheaper CNG vessel capable of storing more gas than other rival designs.
The company is targeting oil producers that flare-off or reinject gas produced in conjunction with oil production. Disposing of gas is a cost for producers, and they are likely to be receptive to plans that cut costs or even turn the gas into a revenue source.