EIG sells stake in Brazil-Bolivia pipeline, eyes Petrobras assets

EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said on Tuesday. U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil’s state-run oil company Petrobras, Chief Executive Blair Thomas told Reuters, as part of a wider move to into the country’s growing natural gas industry. He said antitrust issues blocking an EIG bid for a stake in Petrobras are settled by the sale for an undisclosed amount of EIG’s 27.5% stake in the Brazilian part of a pipeline known as Gasbol, which connects Bolivian reserves to Brazil, Reuters reports. Photo credit: Bruno […]

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related

CIO Monthly October 2022: Accelerating Trust for Financial Services

Surge in dark data a growing danger for organizations Dark...

U.S. unions lodge first Mexico labor grievance under new NAFTA

The AFL-CIO, the biggest U.S. labor federation, on Monday...

Argentina’s cashless king targets Latin America’s unbanked millions

Digital banking startup Uala will double the size of...