Loading...
Loading...
enagas-sells-1-1bn-stake-in-us-firm-to-finance-eu-hydrogen-investments
CEO Arturo Gonzalo © Enagás
enagas-sells-1-1bn-stake-in-us-firm-to-finance-eu-hydrogen-investments
CEO Arturo Gonzalo © Enagás

Enagás sells $1.1bn stake in US firm to finance EU hydrogen investments

Enagás has sold its stake in a US business for $1.1bn to finance its green hydrogen investments through to 2030.

The Spanish gas network operator said it reached an agreement to sell its 30.2% shareholding in Kansas-based Tallgrass Energy to Blackstone Infrastructure Partners for $1.1bn.

With the transaction expected to close at the end of this month, it comes as part of an “asset rotation process” announced by Enagás in its 2022-2030 strategic plan which prioritised decarbonising and securing energy supply in Spain and Europe.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...