NOVA EXPANDING IN NATURAL GAS, PETROCHEMICALS

Nova Corp., Calgary, will spend $265.3 million in current deals to expand its natural gas and petrochemical operations in North America. Nova will lay out $170 million (U.S.) for a 36.5% interest in Natural Gas Clearinghouse (NGC), Houston. The companies will set up a new equal partnership company Novagas Clearinghouse Ltd., in Calgary to provide gas trading and services. Nova said it is familiar with NGC through its 50% interest in Pan Alberta Gas Ltd., Calgary, which has dealt extensively

Jan 3rd, 1994
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