Thai coal major Banpu buys US shale gas assets for $770m

Thai coal major Banpu buys US shale gas assets for $770m

Lumps of coal hold a fire. Photo: Thomas Q

Thai coal company Banpu will purchase shale assets in the U.S. state of Texas for $770 million under a deal announced Wednesday, more than tripling its natural gas output amid growing investor pressure for cleaner fuels.

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