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Total said to discuss sale of Argentine gas pipeline stake

Jun. 11, 2014 2:19 PM ETTotalEnergies SE (TTE) StockTTE, TSBy: Carl Surran, SA News Editor2 Comments
  • Total (TOT -0.7%) reportedly is in talks to sell its indirect stake in Transportadora del Gas del Norte, Argentina’s second-largest gas pipeline operator.
  • Proceeds from the sale would be used to boost oil and natural gas exploration in Argentina, according to Bloomberg.
  • TOT's partners in Gasinvest, the holding company that owns 56% of TGN, include Tenaris-controlled (NYSE:TS) Tecpetrol.

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