Natural Gas Utilities

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Nasdaq Vilnius AB decides to suspend automatic order matching in Lietuvos Dujos shares on August 31

Thursday, 27 Aug 2015 03:19am EDT

Lietuvos Dujos AB:Says decided to suspend automatic order matching in Lesto AB and Lietuvos Dujos shares on August 31.Says trading will be suspended on request of issuer due to announcement of material information.Says trading will be resumed on September 1.

Southern Co to acquire AGL Resources Inc in $12 billion transaction

Monday, 24 Aug 2015 07:30am EDT

Southern Co:To acquire AGL Resources in $12 billion transaction, creating leading U.S. electric and gas utility.Says AGL Resources shareholders to receive $66 per share.Says transaction expected to be accretive to Southern Company earnings per share in first year.Transaction has an enterprise value of about $12 billion, including a total equity value of about $8 billion.For Southern Co transaction is anticipated to be accretive to EPS in the first full year following the close of the transaction.Says companies expect to complete the transaction in the second half of 2016.Says transaction will accelerate expected long-term EPS growth to 4-5 percent.Committed financing from Citigroup global markets inc. and plans to put long-term financing in place prior to the closing of deal.Says after closing, AGL Resources will continue to maintain its own management team and board of directors.Says AGL Resources will continue to maintain its own corporate headquarters, which for AGL Resources is in Atlanta.

Gujarat Gas Co Ltd announces appointment of Director & Chairman

Monday, 24 Aug 2015 06:52am EDT

Gujarat Gas Co Ltd:Announces appointment of G. R. Aloria, lAS as the Director and Chairman of the Board of Directors of Gujarat Gas Ltd.

Wentworth Resources first gas delivery from Mnazi Bay

Thursday, 20 Aug 2015 11:21pm EDT

Wentworth Resources Ltd:Says that first gas delivery from Mnazi Bay to the new transnational pipeline in Tanzania commenced on Aug. 20.Production rates are expected to reach 70 mmscf/d by Oct. 2015 and 80 mmscf/d by the end of 2015.Agreement has been reached on payment security terms between the gas purchaser, Tanzania Petroleum Development Corporation (TPDC), and the Mnazi Bay joint venture partners (Partners).Partners will receive payment at the end of each calendar month for sales volumes delivered during that month.Under the Gas Sales Agreement signed on Sept. 12, 2014, the sale price has been set at $3.00 per million BTU, or around $3.07 per thousand cubic feet, rising in line with the US CPI industrial index.Expects to exit 2015 in a strong financial position.


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