Fluxys Partners with Brazilian Gas Transmission System Operator TBG
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.
TBG (Transportadora Brasileira Gasoduto Bolívia-Brasil) owns and operates the 2,600-km (1,615 -mi) Brazilian section of the Bolívia-Brazil gas pipeline, a key energy infrastructure for Brazil. The agreement with EIG to become partner in TBG was announced on January 5 and is a solid fit with Fluxys’ strategy to develop outside Europe.
The work done by Fluxys and EIG has provided a sound basis for their continued cooperation. Fluxys looks forward to joining the Board of TBG in its efforts to move the company ahead in its development and has set up a branch in Rio de Janeiro for managing its partnership in TBG.
Related News
Related News
- Canada Formally Invokes 1977 Pipeline Treaty with US Over Line 5 Dispute
- New Regulations Place 400,000+ Miles of Gas Gathering Pipelines Under Federal Oversight
- FERC Blesses MVP’s Use of Trenchless Technology
- U.S. Northeast Update: Appalachian Basin Gas Production Still Outpacing Pipeline Construction
- Navigator Approved to Develop, Construct Heartland Greenway Pipeline System in Midwest
- Canada Formally Invokes 1977 Pipeline Treaty with US Over Line 5 Dispute
- Brazil's Petrobras Agrees to Pay 1.4 Billion Reais for 2000 Oil Leak
- US Coast Guard Boards Ship in Connection with California Oil Spill
- Texas Pipeline Operator Altus to Combine with Blackstone-Backed BCP Raptor
- FERC Chairman Urges Northeast Generators to Buy Fuel Before Winter
Comments