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Fenosa in race for Argentina LNG contracts

Gas Natural Fenosa has entered the race for large LNG contracts to supply Argentina despite strong opposition from Repsol, one of Gas Natural' s main shareholders with a 30% stake, reports expansion in its internet edition.

Earlier this year, Argentina expropriated a 51% stake in YPF from Repsol. Through its state run companies Enarsa and YPF, Argentina is expected to buy more than 80 LNG cargoes next year, with a market value of some $3.3 billion , according to the newspaper.

Dow Jones Newswires

12/18/2012

 

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