Eni Sells Its Interests in Interconnector (UK), Interconnector Zeebrugge Terminal and Huberator

Eni completed the sale to Fluxys SA (“Fluxys”) and Snam S.p.A. (“Snam”) of its 16.41% interest in Interconnector (UK) Limited (“IUK”), 51% interest in Interconnector Zeebrugge Terminal SCRL (“IZT”) and 10% interest in Huberator SA (“Huberator”).

The total consideration for the above mentioned stakes amounts to € 145 million and Eni will retain its transportation contracts of IUK’s capacity.

IUK owns and operates the subsea gas pipeline that provides a bi-directional link between the UK (Bacton) and Belgium (Zeebrugge). I

ZT and Huberator are Belgian companies: IZT owns the terminal and compressor facilities linking the Interconnector pipeline to the Belgian gas transmission system and Huberator is the operator and provider of hub services in Belgium.

Press Release, August 03, 2012;  Image: Interconnector

Share this article

Follow Subsea World News

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >

OMC 2017

OMC mission is serving all people interested in the Mediterranean Offshore Industry…

read more >

Ocean Business 2017

Ocean Business 2015 was phenomenally successful, with visitor numbers up an incredible 29%. The overall attendance was a staggering 4,589…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >