Seeking Alpha

Repsol to sell Peru pipeline interest for $219M

  • 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.
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