Announced
Completed
Financials
Sources
Tags
Gas Distribution
Timor-Leste
gas-condensate field
Single Bidder
Private
Australia
liquefied natural gas facility
Friendly
Minority
Completed
Acquisition
Cross Border
Synopsis
SK E&S, an energy company, to acquire a 25% stake in gas facilities Bayu-Undan and Darwin LNG from Santos, an Australian energy company, for $186m. "I am delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG. The sell-down to SK E&S is in-line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects consistent with disciplined capital management," Kevin Gallagher, Managing Director and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.