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Thursday, July 26, 2012

Tire Kickers Checking Out Repsol L-N-G Assets


At least one company is reported to be taking a look at Repsol's liquefied natural gas assets including its 75-percent share in the Canaport L-N-G terminal.
Industry publication Platts is reporting Spanish based Gas Natural Fenosa is giving the assets the once over to see if there's anything of interest.
Gas Natural's C-E-O told analysts in Madrid his company has been invited by Repsol to review the holdings and that will take place.
Repsol has a ten percent stake in Gas Natural which has - among other things - a fleet of 11-tankers - two of them jointly owned with Repsol.
Last week - Repsol confirmed to CHSJ News it was doing a preliminary evaluation on the possible sale of its L-N-G assets as the company looks for ways to boost its financial picture and credit ratings.