LNG

Dec 29 (LNGJ) - Engie Brasil, formerly known as Tractebel Energia and a Brazilian subsidiary of France-based European utility group Engie, has reached an agreement to sell a 15 percent stake in natural gas pipeline firm Transportadora Associada de Gas (TAG) to the Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ) for 3.1 billion Brazilian reais (US$640 million). TAG owns and operates a large part of Brazil's natural gas pipeline network with some 4,500 kilometres (2,800 miles) across 10 Brazilian states.

   The transaction when completed will increase CDPQ’s stake in TAG to 50 percent. Engie Brasil will own 17.5 percent and its French parent company will hold the rest, giving Engie units a 50 percent shareholding. Engie and CDPQ jointly acquired a 90 percent stake in TAG in 2019 from Brazil’s state-run energy company Petrobras for about $8.6Bln and afterwards bought the remaining 10 percent still held by Petrobras.

Sept 26 (LNGJ)- Fluxys, the owner of the Belgian gas grid and holder of stakes in LNG terminals at Zeebrugge in Belgium and Dunkirk in France, said a new shareholder, Swiss-based Energy Infrastructure Partners (EIP), had acquired the 19.85 percent of shares in Fluxys previously held by a Canadian institutional investor, the Caisse de dépôt et placement du Québec (CDPQ).

   “The equity transfer is expected to be completed by the end of 2022,” said Fluxys, without disclosing the value of the deal. Daniël Termont, President of Fluxys and representative of the main Fluxys shareholder, Publigas, said he was pleased with the transaction. “Together with CDPQ, Publigas has sailed a forward-looking course with Fluxys for more than 10 years and we have built up a highly valued partnership,” added Termont.

Petrobras, the Brazilian state-run oil and natural gas company, has announced its largest natural gas discoveries in more than a decade in six deepwater wells in the Sergipe Basin offshore northeast Brazil.