Brussels-based Fortis said it completed its $410 million acquisition of Charlotte, NC-based Duke Energy’s commercial marketing and trading business, and expects to be operating on the “second tier” of energy trading companies.
Articles from Brussels
Cabot LNG, the largest U.S. liquefied natural gas importer and distributor in the Northeast, agreed last Thursday to sell 100% of its assets to Tractebel of Brussels, Belgium for $680 million. The deal will give Tractebel the LNG terminal in Everett, MA, along with 10% interest in a liquefaction facility in Trinidad and Tobago and the LNG tanker, Matthew. The transaction is set to close by the beginning of September.