Enagas Finalizes TgP Acquisition

Enagás of Spain said it has completed the acquisition of 22.38% of Transportadora de Gas del Perú (TgP), after reaching an agreement on 31 January with the Hunt and Repsol companies, which owned 12.38% and 10% of TgP. 

Enagás has also agreed to sell 2.38% of TgP to Canada Pension Plan Investment Board (CPPIB) and to buy from CPPIB 30% of Compañía Operadora de Gas del Amazonas (Coga), which operates TgP.

Once the transactions take place, Enagás will be the owner of 20% of TgP and 30% of Coga.

Having a strategic aim, a corporate governance framework will be established with respect to Coga, allowing Enagás to actively participate in the operation of the infrastructure.

Enagás’ investment in all these transactions will total $481 Mln.

Press Release, March 24, 2014; Image: Peru LNG

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >