Fenosa in race for Argentina LNG contracts

12/18/2012

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

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