Spain's Enagás SA will pay, as part of a consortium deal, $590 million for a 10.93% indirect ownership interest in U.S. energy infrastructure company Tallgrass Energy LP, the company said in a statement on March 11.
Enagás will partner with affiliates of U.S. investment firm Blackstone and Singapore’s sovereign wealth fund GIC on the deal for a stake in Tallgrass Energy, a U.S. energy infrastructure company which owns several interstate pipelines.
Blackstone will retain a majority, GIC will retain a minority stake and Enagás will own almost 25% of the holding company at closing, the Spanish energy company said in the statement.
Enagás has also agreed, following the closing, to acquire an additional 3.5% of the holding company for about $83 million, subject to the completion of conditions, the company said.
Recommended Reading
DOE Approves Non-FTA Permit Extension for Golden Pass LNG
2025-03-05 - Golden Pass LNG will become the ninth U.S. LNG export facility following the U.S. Department of Energy’s approval for an extension of its non-free trade agreement permit.
Segrist: Permit Reform Rumbles as US Seeks to ‘Unleash American Energy’
2025-03-19 - The White House has called for changes to a heavily criticized system, but new rules require a lot more work.
Trade War! Or Maybe Not
2025-03-06 - An energy industry that prefers stability gets hit with whiplash as it attempts to adjust to the Great Disruptor taking over the White House.
DOE Secretary Wright Grants Delfin LNG Extension for Exports
2025-03-10 - Delfin LNG's floating LNG export project in the Gulf of Mexico is authorized to export up to 1.8 Bcf/d, U.S. Energy Secretary Chris Wright said at CERAWeek.
Court Rejects Activists’ Protest of Woodside LNG Pipeline Project
2025-03-31 - Woodside Energy Group prevailed against environmental groups’ arguments to stop a pipeline to Louisiana LNG in a case that originated before the Australian company bought the project.