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