LNG

German energy companies Wintershall Holding and Deutsche Erdoel AG (DEA) have completed their merger and the newly titled Wintershall Dea is now the leading independent gas and oil company in Europe with an initial public offering (IPO) of shares planned for 2020.

Wintershall DEA of Germany would become the leading independent oil and gas producer in Europe when the merger is completed by mid-2019 between Wintershall and Deutsche Erdoel AG (DEA), with operations stretching from Argentina’s Shale Basin to Russia, though unusually for an energy company of its size with no presence in the LNG sector.