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Tamarind Energy receives $800m investment

08 Aug 2014
Blackstone Energy Partners is set to invest up to $800 million in a new Asian energy company.
The investment company’s energy-focused private equity business will partner with Kuala Lumpur-based Tamarind Energy, to focus on oil and gas development in South East Asia.

Tamarind Energy is a new exploration and production company, and the new partnership with Blackstone will enable the firm to grow significantly and become a key player in the oil and gas market in the region.

The International Energy Agency carried out a gas market report that was released earlier this year, which predicted a near doubling of Chinese demand for gas up to 2019. The $800 million investment echoes this, as the region is set to see huge growth over the coming years.