LNG

Jan 27 (LNGJ) - Enagás, the Spanish gas grid and LNG terminals operator, has increased its stake to 20 percent in the Trans-Adriatic Pipeline (TAP) bringing natural gas from Azerbaijan to Europe. Enagás has agreed with the Swiss energy company Axpo to purchase 4 percent of its TAP shareholding for €168 million euros ($183M) in addition to the 16 percent that the Spanish company already owns.

   The new shareholding line-up in the TAP after this deal gives Enagás, 20 percent, the same as BP of the UK, the Azeri energy firm SOCAR, the Italian grid and LNG operator SNAM and the Belgian LNG and gas grid company Fluxys. The owner of the Zeebrugge terminal reached this percentage after buying 1 percent of the remaining stake held by Axpo.