Nov 22

Gasol Plc is an energy resource development company operating in west Africa, primarily focusing on natural gas.  Gasol’s main goal is to form alliances with other corporations to create a supply chain for production and transport to market of liquefied natural gas (LNG), allowing for development of “stranded” natural gas assets that are isolated from existing pipelines.

Liquefied natural gas (LNG) is natural gas that has been refined and compressed to turn it from a gas to a liquid.  As a liquid, it can be transported more economically, and can be carried by ships or other means to natural gas pipelines.  There it is reconstituted into gas and distributed to markets.

Gasol was incorporated in 2005 in England and Wales, and has traded on the Alternative Investment Market (AIM) of the London Stock Exchange since 2008.

Strategic Alliances

Since 2005, Gasol has concentrated on building alliances along the LNG supply chain, from gas gathering, processing into LNG, and transporting and regassifying the LNG at entry points into high-value markets in Europe, North America, and Asia.

To this end, Gasol has formed strategic alliances with several companies already established in the energy sector in Nigeria and Equatorial Guinea, and is pursuing further opportunities in other Gulf of Guinea countries.  Current partners include:

  • Afren Plc — Gasol’s upstream partner in the supply chain.  Gasol holds exclusive right of first refusal to buy and market their natural gas production.
  • Teekay Corporation — Partner for developing floating LNG production facilities, pipelines, and other infrastructure and transport solutions.
  • E.ON Ruhrgas AG — Partner in Nigeria.
  • Electricite de France — Partner in Gulf of Guinea countries other than Nigeria.

Recent Developments

In June 2010 Gasol Plc completed a strategic review of its current and future goals.  The review concluded that the company will continue to pursue its current supply-chain-focused strategy which emphasizes transport of natural gas to markets outside of Africa, but will add a second strategic track that will concentrate on using natural gas resources for electrical generation within Africa.  The company finds that the two parallel strategies are complimentary and by adding the latter track, will potentially net more and faster income to the company.

Shares of Gasol Plc (GAS) are listed on the London Stock Exchange’s Alternative Investment Market and were at 1.02 p as of 18 November 2010.

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