Enagas attentive to gas transportation projects in Peru

Spanish firm Enagas is interested in potential gas transportation pipeline projects that might be developed across Peru, due to the stability of its economy, Enagas’ Director of Communication and Institutional Relations Felisa Martin informed.

“Peru is a stable country with an important development in the energy industry, mainly in the gas sector,” she was quoted as saying by Andina news agency.

Martin stressed that Enagas’ commitment to Peru will be sustained in the long term, hence its contribution to the Peruvian Southern Gas Pipeline (GSP).

With a 24.34% stake, Enagas is one of the shareholders at Transportadora de Gas del Peru (TgP) in charge of the Camisea pipeline. It also holds a 25% stake of the Peruvian South Pipeline Project.

It should be noted Enagas has recently informed that its participation at TgP has increased from 20% to 24.34% for a value of US$97 million and has become the company’s second largest shareholder in charge of Camisea gas transportation to the Peruvian coast.

The company has reached an agreement to acquire 3.94% from SK Innovation and 0.40% from Corporacion Financiera de Inversiones (CFI).

The transaction is subject to the corresponding approvals from regulatory authorities and to the possible exercise of the preferential acquisition right from remaining shareholders.