Spanish gas transmission network operator Enagas has reached an agreement with RREEF Infraestructuras, a fund managed by Deutsche Asset & Wealth Management, to acquire RREEF Infraestructuras' 30% stake in Bahía de Bizkaia Gas (BBG) and Saggas, the owners of the Bilbao and Sagunto LNG regasification plants, respectively.
Enagas already operates three regasification terminals (17 bcm/year Barcelona, 11.8 bcm/year Cartagena and 11.8 bcm/year Huelva) and owns a 40% stake in the 7 bcm/year Bilbao LNG terminal; it will reach 70% of the terminal, in partnership with the Ente Vasco de la Energía (EVE, 30%). The 8.8 bcm/year Sagunto regasification plant is owned by Union Fenosa Gas with 42.5% (50-50 joint venture of Eni and Gas Natural Fenosa), RREEF Infraestructuras with 30% (sold to Enagas), Osaka Gas with 20% and Oman Oil with 7.5%. Following the acquisition, Enagas will have stakes in all Spanish regasification terminals, to the exception of Mugardos.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.