London-based Gasol declared Friday that it has trimmed its net loss while managing to advance its African liquefied natural gas holdings, with investments in three LNG “trains” and floating LNG.

Compay net loss after its first full year of reporting came in at £1.27 million, or £130,000 better than a year ago.

Gasol owns 20 percent of African LNG, with its projects in the Gulf of Guinea, and now 75 percent in Aftgas, a company set up to build and operate natural gas pipelines.

Company chief exec, Haresh Kanabar, said the next stage of the company’s development is “the production, liquefaction, shipping and sale of significant volumes of LNG”.

To finance its LNG projects, African LNG is “in discussions with a number of major European utilities” seeking long-term sales agreements.