Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jade Gas Holdings Limited ( (AU:JGH) ) just unveiled an update.
Jade Gas Holdings Limited has secured its first LNG Gas Sale Agreement with UB Metan LLC, Mongolia’s largest importer of natural gas products. This five-year agreement commits Jade to supply a minimum of 20% of its output, with pricing linked to retail LNG prices in Ulaanbaatar and a floor price set at a 50% premium to the JKM LNG benchmark. The deal is a significant step in Jade’s strategy to become a leading LNG wholesaler, supporting its field development plans, potential financing options, and a possible dual listing on the Hong Kong Stock Exchange.
More about Jade Gas Holdings Limited
Jade Gas Holdings Limited operates in the energy sector, focusing on the production and sale of liquefied natural gas (LNG). The company is positioned as a fully-integrated wholesaler of LNG, with its operations centered around the Red Lake Gas Field at the Tavan Tolgoi CBM Project in Mongolia. Jade aims to supply LNG to meet the growing demand for cleaner energy alternatives, particularly in the transport sector, leveraging its proximity to major markets such as China.
Average Trading Volume: 609,977
Technical Sentiment Signal: Hold
Current Market Cap: A$67.47M
Learn more about JGH stock on TipRanks’ Stock Analysis page.