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>

<< Apr 2015 >>
MTWTFSS
30 31 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 1 2 3

Aberdeen – Introduction to Subsea Facilities

This is an intensive one-day course and is specifically designed for all offshore topsides maintenance operatives and other support staff…

read more >

Transnational Oil, Gas and Energy Law

Study a Unique Online Learning Programme that is Highly Relevant to Today’s International Market…

read more >

Fundamentals of Offshore Field Development

The course delivers the detailed knowledge required, along with management strategies, for you to successfully engage in the sector…

read more >

Global Offshore Technology 2015

The conference and exhibition was held under the auspices of The Ministry of Energy, Commerce, Industry & Tourism Cyprus and united…

read more >