Nat Gas News – September 21, 2018
Nat Gas News – September 21, 2018
Alvopetro Announces Natural Gas Treatment Facility Construction and Operating Agreement
Market Watch reported: Alvopetro Energy Ltd. (ALV) announces the award of the contract for the construction of our Natural Gas Treatment Facility (the “Facility”) in the state of Bahia in Northeast Brazil. This facility is the key strategic asset underpinning our natural gas development project and will be the first 100% independently owned treatment facility in Brazil capable of delivering sales specification natural gas. Following an extensive competitive bidding process, Alvopetro has awarded a 10-year contract to Enerflex Ltd. to build, own, operate and maintain the Facility. Enerflex is a global leader in the natural gas industry providing integrated gas compression and processing solutions with an established Brazilian operating presence. Corey Ruttan, President and Chief Executive Officer of Alvopetro stated, “We are extremely excited to be working with Enerflex on this precedent setting development.
Sempra Energy to Sell U.S. Solar Assets to Consolidated Edison
Market Watch reports: Sempra Energy SRE, +0.07% today announced that it has entered into an agreement to sell its U.S. nonutility operating solar assets, solar and battery storage development projects and one wind facility to Consolidated Edison, Inc. ED, +0.15% for $1.54 billion in cash, subject to adjustments for working capital and pre-closing cash contributions. “This sale represents an important step forward in the portfolio-optimization plan we announced in June to support market growth opportunities,” said Joseph A. Householder, president and chief operating officer of Sempra Energy. “We plan to work closely with Consolidated Edison to ensure a smooth transition.” On June 28, Sempra Energy announced a multi-phase, portfolio-optimization initiative designed to sharpen the company’s strategic focus and create value for all shareholders.
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