LNG

Jan 17 (LNGJ) - BP has acquired a privately-owned power and gas supplier to commercial and industrial customers called Getec Energie GmbH with operations in Germany, the Netherlands, Austria, Belgium and Poland. It has an extensive German customer base, supplying power and gas as well as renewable power purchase agreements (PPAs) and balancing services. The cost of the transaction was not disclosed.

   The acquired company is based in the city of Hanover in the German state of Lower Saxony and currently supplies more than 40 terawatt hours of power and gas each year, making it one of Germany’s largest independent suppliers in the commercial sector. “As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across BP,” said Carol Howle, BP Executive Vice President of the Trading and Shipping division. “The addition of Getec Energie will expand and enhance our ability to do just that in Germany and ultimately in Europe,” Howle added.

UK major BP has sold a 20 percent stake for $2.6 ‎billion to Thailand’s national energy company in key tight natural gas fields onshore the Sultanate of Oman that enabled the Arabian Peninsula nation to stabilize then boost LNG exports over the past three years.