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Liquefied Natural Gas Ltd Shareholder Baupost Increases Stake To 8.86%

Liquefied Natural Gas Limited (ASX:LNG, OTCMKTS:LNGLF) substantial shareholder Baupost has wasted no time in increasing its investment by upping its stake to 8.86% from 6.69%.

The world's 11th largest hedge fund had acquired 4,921,893 shares priced at $1.54 each on 12 June and 3,478,107 shares priced at $1.68 each on 13 June.

Besides acquiring its stake in LNG Limited, it also holds a 2.38% in Cheniere Energy (NYSEMKT:LNG), a forerunner in the U.S. export LNG sector that expects to export its first LNG in 2015.

LNG Limited is amongst the top five companies in this sector and expects to make a final investment decision on the 8 million tonne per annum Magnolia LNG Project in 2014, secure all approvals during 2015 and export its first cargo of LNG in 2018.

Proactive Investors believes LNG Limited will attract significantly greater investment from U.S. institutional investors on current trends.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.