Crown LNG Issues Corporate Update
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), fornitore di tecnologie per terminal di rigassificazione e liquefazione di GNL per sedi in condizioni meteorologiche avverse, ha emesso un aggiornamento aziendale. L'azienda punta a sfruttare la crescente domanda dei clienti e le nuove condizioni di mercato. I punti chiave includono:
1. Avanzare nei progetti verso la Decisione Finale di Investimento (FID), compreso il progetto GBS a Kakinada, in India (FID target: Q3 2025) e un terminal di importazione di GNL galleggiante nel Firth of Forth, in Scozia (FID target: Q2 2025).
2. Valutare opportunità di M&A generatrici di entrate per espandere le capacità nella catena del valore del GNL.
3. Esplorare opportunità di liquefazione in mercati di produzione chiave come gli USA e il Canada.
Crown LNG è posizionata per affrontare la crescente domanda di infrastrutture critiche per il GNL resistenti alle intemperie man mano che crescono le esigenze energetiche globali.
Crown LNG Holdings (NASDAQ: CGBS), proveedor de tecnologías para terminales de regasificación y licuefacción de GNL para ubicaciones con condiciones climáticas adversas, ha emitido una actualización corporativa. La empresa busca capitalizar la creciente demanda de los clientes y las condiciones emergentes del mercado. Los puntos clave incluyen:
1. Avanzar en proyectos hacia la Decisión Final de Inversión (FID), incluido el proyecto GBS en Kakinada, India (FID objetivo: Q3 2025) y un terminal flotante de importación de GNL en el Firth of Forth, Escocia (FID objetivo: Q2 2025).
2. Evaluar oportunidades de M&A generadoras de ingresos para expandir capacidades en la cadena de valor del GNL.
3. Explorar oportunidades de licuefacción en mercados de producción clave como EE. UU. y Canadá.
Crown LNG está posicionada para dar respuesta a la creciente demanda de infraestructura crítica para el GNL, resistente a las inclemencias del tiempo, a medida que aumentan las necesidades energéticas globales.
Crown LNG Holdings (NASDAQ: CGBS), 험악한 기후 조건에서 LNG 재기화 및 액화 터미널 기술을 제공하는 회사가 기업 업데이트를 발표하였습니다. 회사는 증가하는 고객 수요와 새로운 시장 조건을 활용할 계획입니다. 주요 사항은 다음과 같습니다:
1. Kakinada, 인도(목표 FID: 2025년 3분기)의 GBS 프로젝트와 스코틀랜드 Firth of Forth(목표 FID: 2025년 2분기)의 부유식 LNG 수입 터미널을 포함하여 최종 투자 결정(FID)을 향해 프로젝트를 진행합니다.
2. LNG 가치 사슬에서의 역량 확장을 위해 수익 창출 M&A 기회를 평가합니다.
3. 미국 및 캐나다와 같은 주요 생산 시장에서 액화 기회를 탐색합니다.
Crown LNG는 전 세계 에너지 수요가 증가함에 따라 날씨에 강한 필수 LNG 인프라에 대한 증가하는 수요에 대응할 수 있는 위치에 있습니다.
Crown LNG Holdings (NASDAQ: CGBS), fournisseur de technologies pour des terminaux de regazéification et de liquéfaction de GNL pour des environnements climatiques difficiles, a publié une mise à jour de son entreprise. La société cherche à capitaliser sur la demande croissante des clients et les nouvelles conditions du marché. Les points clés comprennent :
1. Avancer des projets vers la Décision Finale d'Investissement (FID), y compris le projet GBS à Kakinada, en Inde (FID cible : T3 2025) et un terminal flottant d'importation de GNL dans le Firth of Forth, en Écosse (FID cible : T2 2025).
2. Évaluer les opportunités de fusions et acquisitions génératrices de revenus pour élargir les capacités de la chaîne de valeur du GNL.
3. Explorer des opportunités de liquéfaction sur des marchés de production clés comme les États-Unis et le Canada.
Crown LNG est positionnée pour répondre à la demande croissante d'infrastructures critiques pour le GNL, résistantes aux intempéries, à mesure que les besoins énergétiques mondiaux augmentent.
Crown LNG Holdings (NASDAQ: CGBS), Anbieter von Technologien für LNG-Regasifizierungs- und -Liquefaktionsterminals für raue Wetterbedingungen, hat ein Unternehmensupdate veröffentlicht. Das Unternehmen zielt darauf ab, die wachsende Kundennachfrage und die sich entwickelnden Marktbedingungen zu nutzen. Wichtige Punkte sind:
1. Fortführung von Projekten zur Endgültigen Investitionsentscheidung (FID), einschließlich des GBS-Projekts in Kakinada, Indien (Ziel-FID: Q3 2025) und eines schwimmenden LNG-Importterminals im Firth of Forth, Schottland (Ziel-FID: Q2 2025).
2. Bewertung von ertragsgenerierenden M&A-Möglichkeiten zur Erweiterung der Fähigkeiten in der LNG-Wertschöpfungskette.
3. Erkundung von Liquefaktionsmöglichkeiten in wichtigen Produktionsmärkten wie den USA und Kanada.
Crown LNG ist in der Lage, der steigenden Nachfrage nach wetterfesten, kritischen LNG-Infrastrukturen gerecht zu werden, da der globale Energiebedarf wächst.
- Multiple near-term projects progressing toward Final Investment Decision (FID)
- Approved gravity-based structure (GBS) project in Kakinada, India
- Planned floating LNG import terminal in Firth of Forth, Scotland
- Exploring strategic acquisitions for near-term revenue generation
- Potential expansion into liquefaction facilities in key production markets
- No immediate revenue-generating projects currently operational
- FID targets set for Q2 and Q3 2025, indicating a significant wait for project completions
LONDON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Crown LNG Holdings Limited (NASDAQ: CGBS) (“Crown” or “Crown LNG”), a leading provider of liquefied natural gas (“LNG”) regasification and liquefaction terminal technologies for harsh weather locations, today published a corporate update outlining its strategic focus to capitalize on growing customer demand, emerging market conditions and continued commercial progress towards its previously announced projects across the world. The full text of the update below can also be found at https://www.crownlng.com/investors.
As Crown LNG’s CEO, I am excited to share our plans to accomplish our mission to enable stable, secure, year-round LNG deliveries in growing markets where harsh weather conditions can otherwise make LNG delivery dangerous or unviable.
Crown is in a truly unique position to more quickly and cost-effectively address one of the largest challenges of the global energy transition and broader energy complex, helping world economies ensure access to more secure, clean energy options and accelerating the replacement of coal in their energy mix.
Following the completion of our successful business combination and entry to public markets in early July, I would like to take this opportunity to clearly outline our pathway to commercialization and stable cash flows over the next several quarters.
As energy demand increases across world economies, LNG use is projected to expand dramatically. Crown LNG is well-positioned to capitalize on the strong market tailwinds of rising energy security concerns and the increasing use of natural gas as a transition fuel. As this demand grows, the need for weather-resistant, critical infrastructure will also increase.
The technology underlying our platform has operated for many years in harsh weather environments like the North Sea, offshore Eastern Canada, and other locations. The strength of our opportunity to address potential bottlenecks to global LNG supply is due to our differentiated facility plans that are less costly, easier to permit, and faster to installation and operations than other LNG infrastructure. Our ability to execute is evidenced by the demonstrable progress we have made toward final investment decision (“FID”) on near-term projects. Underpinning this progress are our strong relationships with partners and customers in key markets across the globe, which provide a strong pipeline of commercial projects to drive our growth.
Today I am sharing with you the core strategic priorities that serve as the basis for our plan to bring projects online and expand our revenue generating opportunities:
- Advancing projects toward FID: We have multiple near-term projects progressing toward FID, including our already approved gravity-based structure (“GBS”) project in Kakinada, India, and our planned floating LNG import terminal in the Firth of Forth, Scotland, for which we recently announced the appointment of a design and engineering partner. We now target FID of Q2 2025 for our project in Firth of Forth, Scotland, and re-affirm target of Q3 2025 for our project in Kakinada, India.
- Evaluating revenue-generating M&A: We are actively exploring and evaluating opportunities for strategic acquisitions and inorganic growth which would enable near-term revenue generation and an expansion of our capabilities to include elements of the LNG value chain beyond regasification and liquefaction.
- Explore opportunities for Liquefaction: As part of our ongoing discussions with production partners, Crown is also exploring the development of building export facilities in key production markets like the United States of America and Canada. This approach would complement our existing access to pipeline networks in key growth markets for LNG consumption.
We strongly believe that successful execution of these priorities will provide us with increasing revenue generating and financing opportunities to accelerate our growth.
I want to thank you for your continued support and confidence in our company. With our world-class team and a technology approach that promises to swiftly address growing market demand, I am confident in our ability to meet our goals in the near-term, execute our long-term growth plan, and deliver shareholder value.
Regards,
Swapan Kataria
Forward Looking Statements
This update includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in any subsequent filings with the Securities and Exchange Commission (the “SEC”). Copies are available on the SEC’s website, www.sec.gov. Crown expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Crown’s expectations or any change in events, conditions or circumstances on which any statement is based.
About Crown LNG Holdings Limited
Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, which represent a significant addressable market for bottom-fixed, gravity based liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia and power projects. Through this approach, Crown aims to provide lower carbon sources of energy securely to under-served markets across the globe. Visit www.crownlng.com/investors for more information.
Contacts
For Crown LNG
Investors
Caldwell Bailey
ICR, Inc.
CrownLNGIR@icrinc.com
Media
Zach Gorin
ICR, Inc.
CrownLNGPR@icrinc.com
FAQ
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