Baupost ups stake in LNG Limited
Baupost Group has raised its stake in Liquefied Natural Gas Limited of Australia.
The hedge-fund firm run by Seth Klarman now owns 46,529,906 shares of LNG Limited or 10,08 percent stake.
LNG Limited’s Managing Director Maurice Brand recently said that the company is eyeing a third liquefaction project in North America, beside the Magnolia and Bear Head LNG project.
In total, this would be the fourth LNG export project for the company since it is also developing the Fisherman’s Landing project in Australia.