Enagas to acquire Iberdrola's gas transportation assets

Christopher E. Smith
OGJ Pipeline Editor

HOUSTON, Nov. 24 -- Enagas will acquire all of Iberdrola’s natural gas transportation assets for about €12.5 million ($16.7 million), pending regulatory approval. The transaction includes 100% of Iberdrola Infraestructuras Gasistas, owner and operator of the 1.1-km gas pipeline at the Escombreras Dock in Cartagena.

Enagas also acquired a 50% stake in Infraestructuras Gasistas de Navarra, owner and operator of the 13-km gas pipeline connecting to the Castejon combined-cycle thermal power plant, and the 6-km pipeline to the Arcos de la Frontera combined cycle thermal power plant.

The investment consolidates Enagas’ role as sole transporter for Spain’s primary gas transport trunk network, which went into effect Apr. 30 under Royal Decree-Law 6/2009.

France and Spain began coordinating gas allocations in late 2008 as part of integrating their gas markets (OGJ Online, Dec. 30, 2008).

Contact Christopher E. Smith at chriss@ogjonline.com.

Related Articles

California lawmakers pass in-state gas system methane emissions bill

08/28/2014 The California Senate passed a bill aimed at curbing methane emissions from intrastate natural gas pipelines and local distribution systems. SB 137...

BG Group: Mzia DST supports potential hub development offshore Tanzania

08/27/2014 Results from the second drillstem test (DST) on the Mzia discovery on Block 1 offshore southern Tanzania indicated further support for a hub develo...

Dakota Gold to develop Bakken-Three Forks crude terminal

08/27/2014 Dakota Gold Transfer-Plaza LLC plans to develop a crude oil transload terminal in Mountrail County, ND. Sited on 350 acres in the eastern section o...

ExxonMobil Pipeline settles charges from 2012 Louisiana spill

08/27/2014 Exxon Pipeline Co. agreed to pay more than $1.4 million to resolve federal charges that a 2012 spill from the company’s North Line near Torbert, La...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected