YPF ready to take control of Argentina’s main gas distributor

Monday, June 6th 2011 - 05:57 UTC

Full article 3 comments

Argentina’s oil corporation YPF signed a purchase option for 54.67% of the British Gas controlled GASA group that is the country’s largest distributor of gas. The purchase option expires August 31. Read full article

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GeoffWard
Don't get all hot & sweaty about Argentinean YPF taking over BRITISH Gas.

BG is not British, it is a constituent company of Centrica - a French company.
Jun 06th, 2011 - 06:58 pm - Link - Report abuse 0
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Pirat-Hunter
I don't think it mater who's they are if Argentina desides to nationalize it.
Jun 07th, 2011 - 10:01 pm - Link - Report abuse 0
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GeoffWard
“British Gas controls indirectly Metrogras, Argentina’s main gas distributor through the Argentine Gas Consortium, GASA, . . . . However GASA and Metrogras have gone under administration, which the company attributes to the Argentine government policy of freezing utility rates.”

So, the Argentine Gas Consortium, GASA has gone bankrupt, insolvent, closed down, deceased, it is no more.

And your solution is to nationalise BG !!!

This is Chavez speaking to us through the voice of Pirat-hunter.
Venezuela controlling its new acquisition, Argentina.

Other countries could buy you up cheap, but, apparently, only Chavez is willing to throw his money away on a worthless country

[Don't take this posting too seriously - I just thought I would post one in the style of today's, quarta-feira, Mercopress posters]
Jun 08th, 2011 - 09:54 am - Link - Report abuse 0
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