Saturday 7 June 2014

Qatar in talks with Centrica over UK power plant investment - Telegraph

Qatar in talks with Centrica over UK power plant investment - Telegraph:



"Qatar is in talks with Centrica over investing in UK power plants, under plans to expand its partnership with the British Gas owner.



Speaking at an event in London, Mohammed bin Saleh Al-Sada, Qatar’s energy minister, and Sam Laidlaw, Centrica chief executive, both declined to comment on rumours that Qatar was trying to build a major stake in Centrica or considering a takeover bid.



But Al-Sada said it was “discussing some projects” in the UK energy sector with Centrica, citing “a lot of common interest and values between the two companies”.



Centrica signed a cooperation agreement with Qatar Petroleum International in 2011, which has so far focused on projects in North America. Last year it also signed a £4.4bn liquefied natural gas supply deal with Qatargas."



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