So Patersons have put a current valuation on LNG of $1.95 which...

So Patersons have put a current valuation on LNG of $1.95 which we briefly touched last month. So currently undervalued approximately 30%. Nice little read to kill some time below from seaaoc.....


"Liquefaction technology gets thumbs up
Meanwhile, Liquefied Natural Gas Ltd got a major boost for its Fisherman’s Landing project – the smallest of the planned CSG-to-LNG projects – after two separate reviews of its proprietary OSMR process by Foster Wheeler and South Korea’s SK Engineering & Construction found it was technically sound and fit for processing LNG.

Foster Wheeler said the design was capable of producing on-specification LNG from the available coal seam gas feed stream and that the process was based on the integration of well-proven technologies with low inherent technical risk.

SKEC said OSMR employed several good design features – used in existing LNG plants – to increase the efficiency of a mid-sized base load LNG plant.

LNG Ltd technical director and developer of the OSMR process Paul Bridgwood said the positive response from the reviewers and the Queensland authorities giving their approval to the company’s planned use of membrane tank technology gave the company a faster construction schedule to achieve its plan to produce first LNG from Fisherman’s Landing in late 2012.

The company is in negotiations with SKEC and Laing O'Rourke Australia Construction – the joint front-end engineering design contractors – for the engineering, procurement and construction contract.
LNG Ltd has also received six proposals from five international banks and one Australian bank for the key role of financial adviser to the project."

http://www.seaaoc.com/news-old/the-month-in-petroleum-august-2009-2013-lng