RWE AG said Tuesday it would not sign new energy supply contracts with Russian counterparties, joining a list of companies that have halted business as sanctions increase following the Kremlin’s decision to invade Ukraine. RWE, a major German energy provider, also said it would end non-energy supply business with Russian entities immediately. In keeping with…
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Germany’s RWE Selling Half-Stake in LNG Developer Excelerate
Germany’s RWE Supply & Trading GmbH is selling its 50% stake in U.S. liquefied natural gas (LNG) company Excelerate Energy LP to current Excelerate co-owner George B. Kaiser.
August 5, 2013