Shares of gas producer, transmission, and distribution company PT Perusahaan Gas Negara (PGAS) Tbk gained 1.42% Wednesday (May 7th) as the company announced its US$175 million investment in US-based Swift Energy Company, wherein PGN’s upstream subsidiary PT Saka Energi Indonesia acquires 36% working interest in Fasken shale gas block in Eagle Ford, Houston, Texas. Why?
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