Repsol said it has reached an agreement with Enagás to sell its 10% stake in the gas pipeline of Transportadora de Gas del Perú (TGP) for approximately 219 million U.S. dollars.
TGP is the company responsible for the transportation of natural gas and natural gas liquids from Camisea fields to the Peru LNG liquefaction plant located in Pampa Melchorita and to the city of Lima.
Repsol sold its stake in the liquefaction plant as part of the recently completed sale of LNG assets.
The completion of the transaction will occur in the coming months, subject to the customary conditions required in this type of transactions and to the pre – emption rights process for existing shareholders, Repsol said in a statement.
LNG World News Staff, February 3, 2014; Image: Peru LNG