Skip to main content

ENN purchases 11.7% stake in Santos

Published by
LNG Industry,


According to Reuters, ENN – a Chinese private gas distributor – has agreed to purchase an 11.7% stake in Australia’s Santos Ltd. The purchase will cost ENN US$750 million and will be acquired from Hony Capital. Reuters reports that Hony acquired most of its stake in Santos in November 2015 for AUS$700 million. The US$750 million that ENN is paying is significantly more.

Wan Yusuo, the Chairman of ENN Group, reportedly said: “This introduction to the upstream sector takes us a step forward in our aim to generate value across the entire natural gas value chain, and allows us to learn and build experience.”

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquefaction/24032016/enn-purchases-stake-in-santos-2180/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):