Gasol plc Listing of Bond Instrument (4503V)

TIDMGAS

RNS Number : 4503V

Gasol plc

13 December 2013

Gasol plc

('Gasol' or the 'Company')

Listing of Bond Instrument

Gasol, the AIM listed energy development company focusing on gas constrained nations, today announces that it has listed its Euro Medium Term Note instrument (the "Note"), announced in a statement to market on 28 October 2013, of up to US$100,000,000, in Dublin on the Irish Stock Exchange. The Note was listed on 12 December 2013.

The Company placed the first US$30 million tranche of the Note with institutional investors. The Note has an interest rate of 9%, payable semi-annually in arrears on 20 June and 20 December each year, with the last payment date expected to be due 20 December 2017.

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Enquiries

 
 Gasol plc 
  Alan Buxton, Chief Operating    [phone] 
  Officer                          3300 
 Panmure Gordon (UK) Limited 
  Dominic Morley (Corporate 
  Finance) 
  Callum Stewart (Corporate 
  Finance) 
  Adam Pollock (Corporate         [phone] 
  Broking)                         2500 
                                  [phone] 
 Yellow Jersey PR Limited          739 
  Dominic Barretto                 [phone] 
  Kelsey Traynor                   220 
 

Notes to Editors:

About Gasol plc

Gasol plc's strategy is to provide African gas for the next generation. Power stations in West Africa currently operate predominantly on liquid fuels such as diesel, light crude and jet fuel, but many of these plants are also capable of using gas. Gasol will initially supply these customers with gas from regasified Liquefied Natural Gas ("LNG"), which can provide significant cost savings in the order of 20 to 30 per cent. This involves the delivery of LNG to leased Floating Storage and Regasification Facilities, which will be positioned in Cotonou harbour, Benin and will supply the regasified LNG into the West African Gas Pipeline. The West African Gas Pipeline is a 678km gas pipeline involving an investment of over US$1 billion, built to transport gas from Nigeria to Benin, Togo and Ghana which has been operational since March 2011, but today operates at significantly less than full capacity . Once there is sufficient regional demand for gas, Gasol aims to develop captive gas reserves in offshore Nigeria and will supply this gas through the West African Gas Pipeline. This pipeline gas will be cheaper and therefore displace the LNG derived gas, resulting in further savings for customers.

As part of a consortium called Electrogas Malta, Gasol has also been awarded a LNG-to-power project by Malta's state power utility Enemalta, as the country aims to lower its energy costs. Electrogas Malta is a consortium made up of Gasol, SOCAR Trading SA, GEM Holdings Ltd and Siemens Project Ventures, the equity financial arm of Siemens Financial Services.

Gasol's shares have been listed on London Stock Exchange's AIM since 2005 with the ticker code "GAS". Further information on the Company is available at www.gasolplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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