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

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>

<< Oct 2016 >>
MTWTFSS
26 27 28 29 30 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 3 4 5 6

4th Offshore Indonesia Convention 2016

4th Offshore Indonesia Convention 2016 will examine the latest regulation in building an attractive investment climate for foreign…

read more >

Offshore Marintec Russia

The new event runs in even-numbered years and is a conceptual follow-up of the most famous national shelf development forum RAO/CIS Offshore…

read more >

Subsea pipelines

This course is essential for subsea engineers or if you are new to the industry. From design, through installation and operation to…

read more >

OFFSHORE WIND SUBSTATION AND RELIABILITY FORUM

This 2-day small-scale meeting consists of in-depth panel discussions, practical case studies, interactive sessions and workshops, where…

read more >