Tag: Metrogas

• Wednesday, October 30th 2024 - 10:40 UTC

  YPF to sell Metrogas stake to focus on Vaca Muerta

  

  Argentina's state-run oil company YPF announced Tuesday that it plans to sell its shares in cooking gas distributor Metrogas to invest those funds in Vaca Muerta. YPF CEO Horacio Marín also outlined before the Inter-American Council of Trade and Production (Cicyp) the strategy to increase by fourfold the company's value over the next four years.

• Thursday, March 6th 2014 - 05:38 UTC

  US Supreme Court rules for British Gas in arbitration case against Argentina

  

  The US Supreme Court ruled on Wednesday for British company British Gas Group Plc in its effort to reinstate a 185.3 million dollars arbitration award against Argentina that a US appeals court threw out.

• Friday, November 30th 2012 - 08:40 UTC

  YPF takes over Argentina’s main gas distribution company belonging to BG

  

  Argentina’s nationalized oil and gas company YPF announced it has taken control of Metrogas, after acquiring 54.67% of the shares of Gas Argentino (GASA) from the company British Gas (BG). The takeover leaves the oil company as the main stockholder and controller of 70% of the largest gas distribution company in Argentina.

• Wednesday, January 18th 2012 - 05:06 UTC

  Argentina wins US appeal against ruling awarding compensation to British Gas

  

  Argentina won a US appeals court decision throwing out a 185 million dollar award to the UK BG Group Plc, which claimed the country’s freeze on natural gas prices caused the bankruptcy of a local gas distributor it controlled.

• Monday, June 6th 2011 - 05:57 UTC

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

  

  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.