Dutch Offshore Deal Cleared

摘要

A deal to include Dutch pension fund PGGM as a shareholder in the Dutch offshore gas transmission system, Northern Offshore Gas Transport (Nogat), has been cleared by the European Commission. PGGM announced last month it was buying 33.2% equity from French-Chinese upstream venture GDF Suez E&P. Neither disclosed the price. The latter will remain operator and a shareholder of Nogat, which has capacity to flow 13 Bcm/yr from Dutch fields to shore but typically handles half that.