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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s Temasek buys stake in Tanzania gas venture

Posted on 15 November 2013

An energy company fully owned by Singapore’s state-linked investment firm Temasek Holdings on Thursday said it will pay US$1.3 billion to buy a 20 percent stake in three gas blocks in Tanzania.
Pavilion Energy, which was formed in April, will buy the stake from London-listed Ophir Energy, it said in a statement. “The natural gas developments in Tanzania hold tremendous potential — not just for Pavilion Energy but for Singapore and Asia,” said Pavilion chairman Hassan Marican………………………………………..Full Article: Source


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