The Market Herald by Trevor Habes a hood write up LNG Energy Group (TSXV:LNGE)acquires and develops natural gas production and exploration assets in Latin America.
The company benefits from long-term, fixed-price US$ take-or-pay contracts, access to more than 800,000 nearby acres to explore and develop current assets, and a portfolio in a heavily studied production corridor boasting more than 16 years of 2P reserve life. It currently produces enough natural gas to power 70,000 homes.
This stable path forward aligns with Allied Market Research‘s estimate for the global natural gas market to grow from US$300.4 trillion in 2021 to US$424.7 trillion by 2031, representing a CAGR of 3.4 per cent.
Chairman and CEO Pablo Navarro has executed more than US$150 billion in capital markets and M&A transactions across the North American, South American, African and European energy markets. His experience includes tenures at multi-billion dollar operations such as BP, Citigroup’s Global Energy Investment Banking Group and Bank of America Securities, where he served as Global Head of Oilfield Services and Latin America Energy Investment Banking.
Navarro spoke with Coreena Robertson about LNG’s recent listing on the TSXV and the company’s goal of international Latin American expansion.
LNG Energy Group stock (TSXV:LNGE) is down by 25 per cent since inception on Sept. 12, 2023.