In a move it says would make it the largest natural gas marketer in Canada, the largest natural gas exporter to the United States, and the No. 2 gas marketer in North America, Atlanta-based Mirant Corp. reported on Thursday that it has entered into an agreement to acquire the majority of TransCanada PipeLines Ltd.’s gas marketing business. Terms of the transaction were not disclosed.
Exporter
Articles from Exporter
Canadian Producers to Acquire Pan-Alberta Gas
Pool marketer Pan-Alberta Gas and a consortium of sevenproducing companies have reached agreement on the terms under whichthe marketing company will be offered for sale to the more than 435Canadian producers in the pool. The announcement of the agreementconfirmed earlier reports that a Canadian coalition was expected towin out over bids from major U.S. marketers.
August 10, 1998
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