LNG

Jan 1 (LNGJ) - Zeebrugge LNG import terminal and natural gas network owner, Fluxys of Belgium, has bought a 20 percent stake in the Medgaz pipeline linking Europe with North Africa as part of an expansion programme. Spanish utility Iberdrola agreed to sell its stake in the 210-kilometres deepwater pipeline linking Spain with Algeria to Fluxys for just under $200 million. The other Medgaz partners are Sonatrach of Algeria, French utility GDF-Suez and Cepsa and Endesa of Spain.