One of Canada’s most exciting publicly traded natural gas companies has just struck a new deal. And it might just change the future of natural gas in Colombia.

‍What’s happening:‍

• NG Energy (TSXV: GASX) has struck a new deal with French oil and gas company Maurel & Prom for a 40% operating interest in their flagship natural gas well Sinu-9
  

By the numbers:‍

• Maurel & Prom will pay $150M USD for their new stake in Sinu-9
  
• NG Energy will retain a 32% ownership stake in Sinu-9 following this new deal
  

Why it matters:‍

• The new deal represents major validation for the quality of NG Energy’s natural gas operations and is set to accelerate the production capacity of Sinu-9, which is one of the single largest onshore natural gas fields in all of Colombia
  

Going deeper:‍

• Indonesia’s state-owned energy company Pertamina is the single largest shareholder of Maurel & Prom, owning the vast majority of the company
  
• Global asset management giant Macquarie Group (ASX: MQG) previously backed NG Energy with a $100M USD credit and guarantee agreement

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