16.08.2011 - China moves in on Trinidad & Tobago Gas
The China Investment Corporation (CIC), the special-purpose company which manages China’s sovereign wealth fund, is to acquire the ten percent stake from French firm GDF Suez under a new memorandum of understanding signed between both. In exchange for joint-investment opportunities in Asia Pacific, including China, GDF Suez will, possibly before the end of the year, transfer its ten percent stake in Train 1 of the Atlantic LNG natural gas plant, as well as production payments associated with trains 2, 3 and 4 for EURO 600 million (TT$5.5b). CIC will also acquire a 30 percent of GDF Suez’s Exploration and Production division..............................................Full Article: Source
Print