Repsol to sell Peru pipeline interest for $219M

|About: Repsol S.A. ADR (REPYY)|By:, SA News Editor

Repsol (REPYY, REPYF) agrees to sell its stake in a consortium that operates a major Peruvian gas pipeline to energy company Enagás for ~$219M.

Transportadora de Gas del Peru operates a pipeline that transports gas from the Camisea fields in Peru's southeastern Amazon region to the country's Pacific coast; ~50% of the feedstock for Peru's electricity generation depends on the pipeline.

Repsol has been selling off other assets in Peru as part of a broader divestment plan.