Liquefied Natural Gas Limited (ASX:LNG, OTC ADR:LNGLY) has received an ASX Price Query after its shares opened at $1.48 today, before climbing 10.5% to an intra-day high of $1.635.
The company said in a response to the ASX that it is not aware of any information that could explain the recent trading.
Liquefied Natural Gas is continuing to progress its wholly-owned Magnolia LNG project in Louisiana.
The project comprises the proposed development of an 8 mtpa LNG project on a 115-acre site, located on an established LNG shipping channel in the Lake Charles District.
The project is based on development of four LNG production trains of 2 mtpa each using the company’s wholly owned OSMR® LNG process technology.
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