trending Market Intelligence /marketintelligence/en/news-insights/trending/VEOeOWEs8nlecn-UNf0EjQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

AltaGas JV to purchase remaining interest in NGL marketing company

客户案例:跨国公用事业公司有效增强对新客户信用风险的认知

S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper


AltaGas JV to purchase remaining interest in NGL marketing company

AltaGas Idemitsu Joint Venture LP received notice from Sam Holdings Ltd. that it is exercising a put option requiring the joint venture to acquire Sam Holdings' approximately one-third interest in Petrogas Energy Corp.

Petrogas provides oil and NGL marketing and supply services in North America and its assets include the only operating liquefied petroleum gas export terminal on the U.S. Pacific coast. AltaGas Idemitsu, which owns the remaining two-thirds interest in Petrogas, said it is evaluating the put notice.

Under Petrogas' unanimous shareholders agreement, if Sam Holdings exercises its put option after Oct. 1, 2019, AltaGas Idemitsu is required to buy Sam Holdings' interest in Petrogas at the fair market value, according to a Jan. 2 news release.

AltaGas plans to fund its part of the requirement with cash flow, noncore asset sales and debt.

AltaGas Idemitsu is a 50/50 joint venture of AltaGas Ltd. and Japan's Idemitsu Kosan Co. Ltd. Altagas is an energy infrastructure company focused on regulated utilities, midstream and power, while Idemitsu Kosan manufactures and sells fuel oils and lubricant oils in Japan and internationally.