In what one analyst decribed as a massive bet on a recovery in North American natural gas prices, Taqa said it wants to build its Canadian asset base to US$20 billion by 2012, one-third of its global target.
If the deal closes as expected in late November, Taqa will have gone from having no Canadian assets or oil and gas output four months ago to producing 111,000 barrels of oil equivalent per day from assets worth US$7.5
