Spain's Enagas Considers Asset Sales to Fund New Gas Pipelines
(Reuters) — Spanish gas pipeline operator Enagas is considering selling assets to fund new European infrastructure needed as the region seeks to cut dependence on Russian gas, Bloomberg reported on Wednesday, citing its CEO Arturo Gonzalo Aizpiri.
Enagas may eventually sell its 30% stake in U.S.-based Tallgrass Energy, Arturo Aizpiri said, according to Bloomberg.
The Spanish company is ready to contribute to the financing of Tallgrass's growth opportunities as the United States has become a crucial liquefied natural gas (LNG) supplier to Europe, he added.
Enagas is seeking to develop gas pipelines from Spain so that the rest of Europe can tap excess regasification capacity through France or Italy.
An Enagas spokesperson did not immediately return a request seeking comment.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Comments