Natural Gas Utilities

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Chongqing Gas Group Corp Ltd completes initial public offering

Sunday, 28 Sep 2014 08:00pm EDT

Chongqing Gas Group Corp Ltd:Completed its initial public offering of 156 million A shares of common stock at a price of 3.25 yuan per share.Raised 507 mln yuan through the issuance.Says the company's shares will be traded on the Shanghai Stock Exchange under the symbol of "600917" from Sep. 30.

Energy Transfer Partners, L.P announces closing of new $1.25 billion revolving credit facility

Thursday, 25 Sep 2014 08:30pm EDT

Energy Transfer Partners, L.P:Says it has closed a new revolving credit facility with a syndicate of banks that provides a base $1.25 billion revolving credit facility and includes an accordion feature that provides flexibility to increase the facility by an additional $250 million.The facility matures in Sept. 2019.Says the expansion of the revolver from a current $400 million credit facility limit will allow the Partnership to finance dropdowns and acquisitions and provide significant liquidity for ongoing organic growth.

Susser Petroleum Partners LP to acquire Mid-Atlantic Convenience Stores, LLC from Energy Transfer Partners, L.P and to acquire Hawaii-based Aloha Petroleum Ltd

Thursday, 25 Sep 2014 08:30pm EDT

Susser Petroleum Partners LP and Energy Transfer Partners, L.P:Says that it has agreed to acquire Mid-Atlantic Convenience Stores, LLC from ETP in a transaction valued at about $768 million.Says the consideration payable by SUSP will consist of about 4 million newly issued SUSP common units and $556 million of cash.SUSP plans to initially finance the cash portion by utilizing availability under the revolving credit facility, with longer term financing through a combination of debt and equity.Says the transaction is expected to be immediately accretive to distributable cash flow per unit for both SUSP and ETP.Transactions are expected to close in the fourth quarter of 2014.

Total sells its midstream Utica assets to E1 Corp and a consortium led by Samchully

Monday, 22 Sep 2014 08:00pm EDT

Total SA:Says its affiliate, Total E&P USA, has signed agreement to sell its 25 pct interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale play, to E1 Corp and a consortium led by Samchully, both from Korea.Deal valued at $400 million plus estimated price adjustment of $50 million.

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