Mukesh Ambani-led Reliance Industries will pick up a 67% stake in Krishna Godavari Gas Network, a company set up to develop a city gas distribution network (CGD) in the state. For full story, click here
Britain’s newest liquefied natural gas terminal, Dragon LNG, took delivery of its first cargo of super-cooled gas on Tuesday, BG Group, which holds a 50-percent stake in the facility in south Wales. For full story, click here
Canadian Superior Energy Inc. which shed its majority stake in a promising offshore Caribbean natural gas field, is re-entering the play through a $77.8-million acquisition of Challenger Energy Corp. For full story, click here
Oil and Natural Gas Corp is expecting government will reimburse it for royalties it would have to pay beyond its 30 percent stake in an exploration block in the western state of Rajasthan. For full story, click here
Spanish utility Gas Natural declared that it has sold its 5 percent stake in national gas network operator Enagas, sending shares in the operator up 4.6 percent. Citigroup Global Markets stated: We consider this sale a relief for Enagas as overhang risk is significantly reduced for the company. For full story, click here
Centrica Plc, Britain’s leading energy supplier, agreed to purchase a stake in a gas development block off the southeast coast of Trinidad for $142.5 million, to supply U.K. and North American customers. For full story, click here
Spanish utility Gas Natural declared that it has sold its 5 percent stake in national gas network operator Enagas, sending shares in the operator up 4.6 percent. For full story, click here
Greece’s biggest utility, Public Power Corp., has shown interest in acquiring a stake in state-controlled natural gas firm DEPA, which is in search of a strategic investor. PPC’s Chief Executive Officer Takis Athanasopoulos said: We hope the government will agree to allow PPC to exercise its option. For full story, click here
LNG Ltd. announced that its $500 million plant in Australia is set to get the go-ahead by the year-end after an investment by Golar LNG Ltd. Maurice Brand, managing director of Perth-based LNG Ltd., said: Golar, a Norwegian operator of LNG tankers, will take a 40 percent stake in the project in Queensland state and invest [...]
Enel SpA, Italy’s biggest utility by revenue, will soon try to sell a controlling stake in its lucrative Italian natural-gas grid. For full story, click here
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