Prospex s Spanish Gas Deal on Track to Close Feb 28
Feb 11, 2021 7:45:am
Summary Prospex had hoped to complete the acquisition of the Spanish gas-to-power project at the end of January, but progress was slower than anticipated.
by: Joe Murphy
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Prospex s Spanish Gas Deal on Track to Close Feb 28
London-listed Prospex Energy has said it expects to close the acquisition of El Romeral, an integrated gas production and power station project in southern Spain, on February 28.
The company first announced the deal in December 2019, which will see Prospex take a 49.9% stake in the project and Australia s Warrego Energy a 50.1% position through their joint venture Tarba Energia. The seller is Petroleum Oil and Gas Espana.