Deals
A Shale Gas Bear Market Doesn't Scare This Asian Investor
- Kalnin Ventures has spent $417 million on Marcellus acreage
- Company is backed by Thailand’s biggest coal producer
Can Shale Drilling Go Global?
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A relentless flow of natural gas from America’s shale basins is drawing bears to the market -- and that’s music to the ears of at least one Asia-backed investor.
Kalnin Ventures LLC -- an investment company with funding from Thailand’s largest coal miner, Banpu Public Company Ltd. -- has spent about $417 million over the past two years snapping up 55,000 net acres in the Marcellus formation in northern Pennsylvania. The company’s co-founder, Christopher Kalnin, was in Thailand earlier this month to drum up more money.