Welcome to our dedicated page for Crown LNG Holdings news (Ticker: CGBS), a resource for investors and traders seeking the latest updates and insights on Crown LNG Holdings stock.
Crown LNG Holdings Limited (CGBS) provides essential updates on its pioneering offshore LNG infrastructure solutions through this dedicated news hub. Access verified information about project developments, operational milestones, and strategic initiatives directly from the company and trusted industry sources.
This resource serves investors and energy professionals seeking detailed insights into gravity-based LNG terminals, liquefaction technology advancements, and market expansion activities. Discover updates covering technical innovations, environmental compliance measures, and long-term infrastructure partnerships.
All content undergoes strict verification to ensure accuracy regarding the company's offshore engineering projects and operational strategies. Regular updates include announcements about new facilities, operational optimizations, and industry collaborations that shape global LNG accessibility.
Bookmark this page for continuous access to Crown LNG's official communications and third-party analyses. Monitor critical developments in offshore energy infrastructure through our curated collection of press releases and expert commentary.
Crown LNG Holdings (Nasdaq: CGBS) has signed a Memorandum of Understanding (MOU) with India Gas Exchange (IGX) to facilitate LNG sales through Crown's planned import terminal in Kakinada, India. The non-binding agreement establishes a framework for LNG cargoes to be listed and traded on IGX's platform.
The MOU was signed during India Energy Week 2025 by Crown LNG CEO Swapan Kataria and IGX Managing Director Rajesh Kumar Mediratta. Under the agreement, IGX will promote market awareness through workshops and industry engagement, while Crown LNG will coordinate LNG cargo arrivals and sales.
The Kakinada terminal has an approved import capacity of 7.2 MMTPA. Crown expects to reach final investment decision in 2026 with first gas delivery targeted for 2029. This initiative aligns with India's goal to achieve a 15% gas-based economy by 2030.
Crown LNG Holdings (Nasdaq: CGBS) has finalized two strategic acquisitions: KGLNG in Kakinada, India, and LNG import terminal assets in Grangemouth, Scotland. The Kakinada project acquisition, valued at $60 million in Crown LNG shares, includes an operating license for a planned LNG import terminal that will operate year-round in harsh weather conditions, supporting India's goal to increase natural gas usage to 15% by 2030. The Grangemouth project, acquired for $25 million in shares from GBTron Lands , aims to enhance UK's energy security, where LNG imports increased 74% from 2021 to 2022.
Crown LNG Holdings , a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has announced the filing of unaudited financial statements for its wholly owned subsidiary, Crown LNG Holding AS, for the six-month period ended June 30, 2024. The filing, submitted on Form 6-K to the U.S. Securities and Exchange Commission (SEC) on October 16, 2024, is accessible through the SEC's website.
Crown LNG reaffirms its commitment to its strategic priorities, which include:
- Advancing its India and Scotland projects towards Final Investment Decision
- Pursuing revenue-generating mergers and acquisitions
- Exploring opportunities for liquefied natural gas export facility development
These strategic objectives were previously outlined in Crown's Corporate Update, available on the company's Investor page.
Crown LNG Holdings , a provider of LNG terminal technologies, has received a notification from Nasdaq on September 3, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Crown LNG has until March 3, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Crown LNG is considering options to address this issue, including a potential reverse stock split. However, there is no guarantee that the company will regain compliance with the Bid Price Rule.
Crown LNG Holdings (NASDAQ: CGBS), a provider of LNG regasification and liquefaction terminal technologies for harsh weather locations, has issued a corporate update. The company aims to capitalize on growing customer demand and emerging market conditions. Key points include:
1. Advancing projects toward Final Investment Decision (FID), including the GBS project in Kakinada, India (target FID: Q3 2025) and a floating LNG import terminal in Firth of Forth, Scotland (target FID: Q2 2025).
2. Evaluating revenue-generating M&A opportunities to expand capabilities in the LNG value chain.
3. Exploring liquefaction opportunities in key production markets like the USA and Canada.
Crown LNG is positioned to address the increasing demand for weather-resistant, critical LNG infrastructure as global energy needs grow.
Crown LNG Holdings (NASDAQ: CGBS) has appointed Andrew Judson as Chairman of the Board, effective August 2, 2024. Judson replaces Jørn Husemoen, who will continue as a Board member and CFO. Judson, an independent director since July 2024, brings extensive experience in finance and energy sectors. He currently serves as a Senior Advisor at Fort Capital and has held leadership positions at Camcor Partners and FirstEnergy Capital. Judson also serves on the boards of Pieridae Energy and Condor Energies Inc.
Crown LNG, a provider of LNG terminal technologies for harsh weather locations, views this appointment as strategic for navigating complex financial and geopolitical landscapes as they begin their journey as a public company. The company aims to leverage Judson's expertise to execute their growth strategy effectively.
Crown LNG Holdings has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of a planned floating LNG import terminal in the Firth of Forth, Scotland. This marks a significant step towards the Final Investment Decision (FID) for the Grangemouth project, targeted for late 2024. The project aims to enhance the UK's energy security, addressing increased LNG imports and geopolitical impacts on energy markets.
IKM's role will encompass Pre-FEED and FEED phases, including project management, execution planning, consenting, process design, facility layout optimization, detailed engineering, and procurement support. The project will utilize floating storage and regasification unit (FSRU) technology. A site study has been completed, and Crown will proceed with the consenting process with Scottish and UK Governments.
