Gazprom may acquire stake in Baglan Bay plant
Russian gas company Gazprom plans to acquire a stake in Britain’s Baglan Bay power plant in affiliation with German utility E.ON, Reuters has reported, citing the Vedomosti newspaper as its source.
GE Energy, the owner of Baglan Bay, had earlier in the year considered the sale of the gas-fired power plant for $1 billion, the report said, citing The Daily Telegraph. The report also said that while Gazprom was planning to acquire stakes in E.ON power assets in Britain, E.ON plans to acquire a 25% stake in Gazprom’s Yuzhno Russkoye field, as part of the asset swap deals between the two companies that have been going on for some time now. The newspaper added that the Baglan Bay share could be a part of the Gazprom-E.ON Yuzhno Russkoye transaction. (energy-business-review.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.