Blackstone hits gas as US majors retreat from SE Asia

Blackstone and Tamarind talk to FinanceAsia about M&A openings created by North American oil & gas giants retreating from the region.

Blackstone hits gas as US majors retreat from SE Asia

Blackstone is pouring up to $800 million into a startup called Tamarind Energy, which will join a small but growing band of independent exploration and production companies drilling for oil and gas across Malaysia and Indonesia.

The US group's first investment in the Southeast Asian oil and gas sector comes as many North American international oil companies IOCs sell assets across the region and Southeast Asian governments strive for greater energy self sufficiency.

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