U.S. DEPARTMENT OF ENERGY: Merger activity quadruples in the natural gas industry.

0 Comments | M2 Presswire, January, 1999

M2 PRESSWIRE-13 January 1999-U.S. DEPARTMENT OF ENERGY: Merger activity quadruples in the natural gas industry (C)1994-99 M2 COMMUNICATIONS LTD RDATE:120199 The value of mergers and acquisitions within the natural gas industry has risen nearly four-fold in this decade, from $10.4 in 1990 to $39 billion in 1997.

This increase parallels an enormous surge in corporate combinations (mergers, acquisitions, joint ventures and strategic alliances) across the energy sector, from $21.4 billion in 1990 to $106.4 billion in 1997, and then, with the announcement of such blockbuster mergers as British Petroleum with Amoco and Exxon with Mobil, to $220 billion in 1998. The growth in natural gas industry combinations does not indicate a decrease in competition. For...