{"id":546449,"date":"2022-05-17T04:00:52","date_gmt":"2022-05-17T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/taqa-arabia-expands-natural-gas-footprint-by-acquiring-rosettas-lng-arm\/"},"modified":"2022-05-17T04:00:52","modified_gmt":"2022-05-17T04:00:52","slug":"taqa-arabia-expands-natural-gas-footprint-by-acquiring-rosettas-lng-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/taqa-arabia-expands-natural-gas-footprint-by-acquiring-rosettas-lng-arm\/","title":{"rendered":"Taqa Arabia expands natural gas footprint by acquiring Rosetta\u2019s LNG arm"},"content":{"rendered":"

<\/a> Qalaa Holdings\u2019 Taqa Arabia has acquired the LNG arm of local energy firm <\/strong>Rosetta Energy<\/a><\/strong>, it said in a statement (pdf)<\/a> yesterday. The company didn\u2019t disclose the value of the transaction. Enterprise was unable to reach a company representative for comment.<\/p>\n

What\u2019s Rosetta Energy: <\/strong>The Egypt-based company builds and operates small- and medium-sized liquefaction and regasification<\/a> plants and works in marine and road gas transport in emerging markets in Africa and the Middle East. Rosetta delivers natural gas to off-grid customers looking to switch from diesel and other higher-emission fuels.<\/p>\n

What this means:<\/strong> Rosetta will become Taqa\u2019s LNG development and operating arm in Africa and the Middle East. \u201cThis new acquisition supports Taqa\u2019s strategy of diversifying the scope of its energy transmission and distribution services to best cater to the growing needs of its clients,\u201d said Taqa CEO Pakinam Kafifi.<\/p>\n

Taqa is coming off of a solid 2021:<\/strong> The energy company saw its revenues rise 1<\/a>5%<\/a> to EGP 9.1 bn last year on improving market conditions.<\/p>\n

The company said earlier this year it could make its EGX debut <\/strong>in 2023<\/a><\/strong>. Qalaa\u2019s plans to list 30-40% of Taqa in the first half of 2020 were derailed by the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Qalaa Holdings\u2019 Taqa Arabia has acquired the LNG arm of local energy firm Rosetta Energy, it said in a statement (pdf) yesterday. The company didn\u2019t disclose the value of the transaction. Enterprise was unable to reach a company representative for comment. What\u2019s Rosetta Energy: The Egypt-based company builds and operates small- and medium-sized liquefaction and […]<\/p>\n","protected":false},"author":1,"featured_media":546450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[93,72,7128,91,613,1875,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-energy","tag-enterpriseam","tag-ma-watch","tag-oil-and-gas","tag-qalaa-holdings","tag-rosetta-energy","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"6a5bcab6-a4f7-471b-a2c7-aa8e91b71f82","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/211.jpg","photo_position":"above","related_issue":[546443],"teaser":"","voice_url":""},"yoast_head":"\nTaqa Arabia expands natural gas footprint by acquiring Rosetta\u2019s LNG arm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/taqa-arabia-expands-natural-gas-footprint-by-acquiring-rosettas-lng-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taqa Arabia expands natural gas footprint by acquiring Rosetta\u2019s LNG arm\" \/>\n<meta property=\"og:description\" content=\"Qalaa Holdings\u2019 Taqa Arabia has acquired the LNG arm of local energy firm Rosetta Energy, it said in a statement (pdf) yesterday. 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