Gas
Kistos to Acquire 30 Percent in Abbey, Baker Gas Fields
CEII brief
Rigzone reported on 2 Nov 2026: Kistos to Acquire 30 Percent in Abbey, Baker Gas Fields.
Read the full story on RigzoneKistos agreed to acquire a 30 percent stake in the Seaward Production Licenses containing the planned Abbey and Baker natural gas projects on the United Kingdom’s side of the North Sea.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
31.6% of electricity in United Kingdom came from gas in 2025Countries in this story
Original reporting © Rigzone. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
