EIG Acquires 49.87% Stake in Peru's Transportadora de Gas del Perú, Strengthening Energy Security
The U.S. Embassy in Lima congratulated EIG on acquiring a 49.87% stake in Transportadora de Gas del Perú (TGP), operator of Peru's main gas pipeline. This acquisition is expected to enhance energy security and attract investments in the region, as TGP supplies nearly 40% of the country's electricity. The deal was finalized after receiving necessary approvals, following an agreement with Canada Pension Plan Investment Board. TGP is negotiating to extend its concession until 2043, contingent on further investments.
Theia Market Signal Identification - AI Assisted
EIG has acquired a 49.87% stake in Transportadora de Gas del Perú (TGP), the operator of Peru's main gas pipeline, as congratulated by the U.S. Embassy in Lima. This acquisition aims to bolster energy security and attract regional investments, with TGP supplying approximately 40% of Peru's electricity.
The deal, finalized after approvals, follows an agreement with Canada Pension Plan Investment Board to buy its shares. TGP transports 920,000 barrels of natural gas and 130,000 of liquefied natural gas daily. The company is negotiating to extend its concession until 2043, requiring a $2 billion investment.
Comments