Thailand’s PTTEP has completed the takeover of London-listedCove Energy, giving it a position in East Africa’s nascent LNG export sector.
Cove’s main asset is an 8.5% interest in Anadarko-operatedArea One offshore Mozambique, which is planned to feed a large LNGproject.
The Thai company will also gain interests in onshore acreagein Mozambique and 10-25% stakes in seven exploration blocks off the coast ofKenya.
