Australia’s LNG Limited has lifted its stake in compatriot explorer Metgasco to 10.2%.
The Maurice Brand-led LNG export project developer has been building its equity influence on Metgasco as it has courted the company for more than a year to supply feed gas for the Fisherman’s Landing project at Gladstone.
LNG Ltd said today that it has increased its holding from nearly 9%, which already made it Metgasco’s largest shareholder.
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