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New Deal


Announced

Equinor to acquire liquefied natural gas assets of Cheniere Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Cross Border

United States

Pending

Gas Distribution

Friendly

Single Bidder

liquefied natural gas

Acquisition

Synopsis

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Equinor, a petroleum refining company, agreed to acquire liquefied natural gas assets of Cheniere Energy, a liquefied natural gas company. Financial terms were not disclosed. “I am very pleased that we have entered into a long-term agreement with Cheniere, the US’ largest producer of LNG. Based on our production in Norway, Equinor is the second largest supplier of pipeline gas to Europe. The new LNG agreement is a major building block in Equinor’s ambition to further strengthen our global gas position by adding more LNG to the portfolio. LNG will play a crucial role in providing energy security. By increasing our position in this segment, we will be even better positioned as a long-term reliable supplier of energy," Helge Haugane, Equinor Senior Vice President.

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