LNG Energy Group facing financial difficulties, exploring options, and focused on stabilizing production

LNG Energy Group Corp. announces that the Failure-to-File Cease Trade Orders in Multiple Jurisdictions continues, but expects to file required financial documents by the deadline set by the Ontario Securities Commission to have the orders revoked. The Company is exploring various options, including terminating long-term Gas Sales Agreements and entering insolvency protection in Colombia. LNG Energy Group is focused on stabilizing natural gas production, reducing costs, and improving liquidity. A comprehensive strategic review process is ongoing, with results expected soon. For more information, visit www.lngenergygroup.com.

Read more at GlobeNewswire: LNG Energy Group Informs Material Events