By Ryan Dube
LIMA, Peru---Spanish oil company Repsol SA said Friday it has
reached an agreement with energy company Enagás SA to sell its
stake in a consortium that operates a major Peruvian gas
pipeline.
Repsol said it agreed to sell its 10% stake in the
Transportadora de Gas del Perú consortium to Enagás for about $219
million.
Transportadora de Gas del Perú, known as TgP, operates a
pipeline that transports gas from the Camisea fields in Peru's
southeastern Amazon region to the country's Pacific coast.
About 50% of the feedstock for Peru's electricity generation
depends on the pipeline.
Other companies recently have sold interests in the TgP
consortium. In November, Peruvian construction firm Graña y Montero
SAA disclosed that it entered into a deal to acquire a 12.38% stake
in the TgP consortium from Pluspetrol Resource Corp.
Colombia's Grupo Energía de Bogotá said earlier this month that
its subsidiary, Transportadora de Gas Internacional SA, entered
into a deal to acquire a 23.61% stake in TgP from Tecpetrol
International SA. Tecpetrol is a unit of Argentina's Techint
Group.
Other companies that have a stake in the consortium include Hunt
Oil of the U.S., Sonatrach of Algeria, South Korea's SK Corp. and
Franco-Belgian GDF Suez-Tractebel SA.
Repsol recently has sold off other assets in Peru as part of a
broader divestment plan. Last year, it sold a minority holding in
Perú LNG, which produces liquefied natural gas.
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