Thai PTT to acquire 15% stake in Egyptian-Israeli energy firm

24-Oct-07
Thai energy giant PTT is in advanced stages of negotiation for purchase of a 15% stake in the Egyptian-Israeli energy firm - EMG (Easter Mediterranean Gas), for US$350 mln. If completed, the deal will likely be carried out through PTT's globally active natural gas subsidiary, PTTET, whose shareholders include PTT (66%), Morgan Stanley, HSBC, Bank of New York and BNP Paribas. PTT will seek to expand EMG's activity beyond the borders of Israel. The firm is likely to leverage its advantage in the Asian arena, and market liquefied petroleum gas (LPG) through EMG. That would transform EMG into the largest natural gas exporter in the world.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Milacron 450 ton electric injection molding machine

Milacron 450 ton electric injection molding machine