Total said to discuss sale of Argentine gas pipeline stake

|By:, SA News Editor

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 (TS) Tecpetrol.