Bloomberg: Liquefied Natural Gas Looks to Europe With Canadian Export Plans

Liquefied Natural Gas Ltd. (LNG), whose shares have posted an 11-fold gain in Sydney trading this year, expects a proposed export project in Canada will cost about the same as its planned $2.2 billion U.S. project.

Liquefied Natural, targeting shipments to Europe, may decide in early 2016 whether to go ahead with a development in Nova Scotia, Managing Director Maurice Brand said today by phone. The Perth-based company agreed to acquire the Bear Head LNG project from Anadarko Petroleum Corp. (APC) for $11 million.

The Australian company has attracted investors including Boston-based Baupost Group LLC as it proceeds with plans to develop the Magnolia LNG project in Louisiana. Liquefied Natural’s market value has surged to A$1.45 billion ($1.36 billion) from about A$100 million at the start of the year.
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