Spain's Gas Natural in Race for Argentina LNG Contracts -Report
December 18 2012 - 8:37PM
Dow Jones News
Spain's Gas Natural Fenosa (GAS.MC) has entered the race for
large liquefied natural gas contracts to supply Argentina despite
strong opposition from Repsol SA (REP.MC), one of Gas Natural's
main shareholders with a 30% stake, reports Expansion in its
Wednesday Internet edition.
Earlier this year, Argentina expropriated a 51% stake in YPF
from Repsol.
Through its state-run companies Enarsa and YPF SA (YPF),
Argentina is expected to buy more than 80 LNG cargoes next year,
with a market value of some $3.3 billion or more than 2.5 billion
euros, according to the newspaper.
Newspaper website: www.expansion.com
Write to Enza Tedesco at enza.tedesco@dowjones.com
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