SNAM Finalizes The Deal To Secure 25% Stake In PTT Energy's 'Peace Gas Pipeline'
Snam on December 1 finalized a deal to acquire a 25% stake in the PTT Energy-owned East Mediterranean Gas Company (EMG), a press release published on the company's website revealed.
East Mediterranean Gas Company is the owner of the Arish-Ashkelon gas pipeline, which is part of the "Peace Gas Pipeline" for consideration of approximately $50 million.