The offer raised $8 million through a fully underwritten offer by lead underwriters Australian Heritage Group Pty Ltd and WHI Securities Pty Ltd.

Former Alinta Gas head and now LNG Ltd chairman, Phil Harvey, said the offer had experienced extremely strong demand indicating confidence in the business model the company was bringing to the international energy market and the quality of its management.

He said LNG Ltd had been formed to act as “the energy link” between previously discovered large but commercially marginal gas reserves and new energy markets identified in developing countries. The gas will be delivered to these new energy markets as liquefied natural gas (LNG).

The first project involves sourcing natural gas from Tanzania as LNG and supplying it to the Southern Indian market. It has signed a deal to supply up to 2,700 tonnes per day of LNG to two existing power plants.

“Investors have responded strongly to the company’s strategy and the work already done in achieving our objectives,” said Mr Harvey. “There is no doubt that there is a keen demand by investors at all levels to be involved in the energy market.”

It is expected that LNG Ltd will commence trading on the ASX under the code LNG on the 14 September.