People Following Jon M Queen's Blog

My Latest Tweet @ Twitter.com

Monday, October 17, 2011

Largest Energy Deal of the Year Creates Largest Natural Gas Pipeline in USA

Greetings from Kiev!  As reported on world news services, the gas company Morgan Kinder (run by ex Enron chief Richard Kinder) made a cash and stock offer worth 21 billion dollars to buy El Paso Corp., another gas transit company... and this would result in a combined company having 107,000 kilometers of gas lines and becoming the single largest American pipeline operator.

The shift in company focus from exploration and production into gas transit would accomodate biogas as well, and could help instigate a nationwide shift from traditional fossil fuels to cleaner energy solutions.  For more information please see http://www.bloomberg.com/news/2011-10-16/kinder-to-buy-el-paso-for-21-1-billion-making-biggest-u-s-pipe-company.html

Kind regards,
Jon

No comments:

Post a Comment

Carbon Trading Videos

Loading...