Longboat exits Norway to further invest in Malaysia

The British oil and gas projects developer, Longboat Energy, has decided to sell its 50.1 percent stakes in Japex Norge. That sell is estimated to safe the company $1.25 milion in costs in 2025. This saved cash is earmarked to be invested in Malaysia.

The main prospect is the $52.5 percent owned Kertang gas prospect, offshore from Sarawak. Longboat Energy beleives this is a good investment as there is a strong demand for gas in southeast Asia.

Source: UK Invester

About Lærke Kobberup

Lærke Kobberup is a Journalist working with ScandAsia at the headquarters in Bangkok.

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