{"id":2126,"date":"2021-01-05T01:12:52","date_gmt":"2021-01-05T01:12:52","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=2126"},"modified":"2021-01-20T01:14:33","modified_gmt":"2021-01-20T01:14:33","slug":"eig-agrees-to-sell-minority-interest-in-transportadora-brasileira-gasoduto-bolivia-brasil-tbg-to-fluxys","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/eig-agrees-to-sell-minority-interest-in-transportadora-brasileira-gasoduto-bolivia-brasil-tbg-to-fluxys\/","title":{"rendered":"EIG Agrees to Sell Minority Interest in Transportadora Brasileira Gasoduto Bol\u00edvia-Brasil (TBG) to Fluxys"},"content":{"rendered":"<p class=\"rtejustify\" style=\"text-align: justify;\"><strong>RIO DE JANEIRO and WASHINGTON, D.C. &#8211;\u00a0\u00a0<\/strong>EIG Global Energy Partners (\u201cEIG\u201d) today announced it has signed a definitive agreement with Fluxys for the sale of EIG\u2019s approximately 27.5% stake in Transportadora Brasileira Gasoduto Bol\u00edvia-Brasil (\u201cTBG\u201d).\u00a0 TBG owns and operates the Brazilian section of the Bol\u00edvia-Brazil pipeline (\u201cGASBOL\u201d), an approximately 2,600 km (1,600 mile) natural gas pipeline system, including the main natural gas transportation network in the south of Brazil.\u00a0 GASBOL is capable of transporting up to 30 million cubic meters per day (1.1 billion cubic feet per day) of natural gas from Bolivia and Brazil\u2019s offshore pre-salt fields to key markets in Brazil. \u00a0The sale is expected to close in approximately two months following satisfaction of certain conditions precedent.\u00a0 EIG and Fluxys will also explore further strategic cooperation in Brazil\u2019s gas infrastructure market.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">EIG has invested in the Brazilian energy market for more than two decades, with EIG-managed funds committing over $2 billion to energy-related infrastructure projects in Brazil in the last ten years alone. \u00a0With a focus on long-term fundamentals, EIG has taken strategic positions in key Brazilian energy and infrastructure assets. \u00a0In addition to GASBOL, EIG has invested in Gas Natural A\u00e7u (\u201cGNA\u201d), an operational LNG terminal, natural gas and power hub with 6.4GW of gas-fired power under development at the Port of A\u00e7u. \u00a0GNA is a partnership with BP and Siemens and has entered into binding agreements with State Power Investment Corporation of China to join as an additional partner subject to satisfaction of certain conditions precedent. \u00a0Through GNA, EIG is investing in GASINF, GASOG and GASOFF, three natural gas pipelines capable of connecting offshore pre-salt gas and LNG to Brazil\u2019s gas transportation network, ultimately including GASBOL, through a connection with NTS.\u00a0 EIG also owns a controlling interest in the Port of A\u00e7u through its investment in Prumo, which controls Brazil\u2019s only privately held deep-water port capable of handling the largest oil tankers, known as VLCCs.\u00a0 A\u00e7u Petroleo has exported over 200 million barrels of pre-salt crude oil, has a maximum capacity of 2.1 million barrels per day and is developing a crude oil storage tank farm and two additional pipelines connecting the terminal to the crude oil transportation network in Rio de Janeiro state. \u00a0In addition to oil, gas and power, EIG\u2019s comprehensive strategy in Brazil includes renewables and low carbon investments through a \u201cGreen Hub\u201d under development at the Port of A\u00e7u.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">R. Blair Thomas, EIG\u2019s Chief Executive Officer, said, &#8220;We are thrilled to have reached agreement with Fluxys for the sale of our interest in TBG. \u00a0It has been a privilege to support the growth and development of GASBOL, critical infrastructure that delivers natural gas to key markets in Brazil, including Sao Paulo and the industrial regions in the southeastern part of the country.\u00a0 This investment underscores our dual commitment to supporting growth and development in this important region of the world while creating value for our investors.\u00a0 Today\u2019s sale positions the EIG portfolio for additional opportunities in Brazil, and we look forward to partnering with Fluxys where possible.\u201d<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Pascal De Buck, Chief Executive Officer of Fluxys, said, \u201cWe look forward to joining the existing shareholders of TBG and developing our cooperation with EIG in Brazil\u2019s gas infrastructure market. \u00a0It is important to continue the development of TBG\u2019s key infrastructure, which is capable of providing Brazil with roughly one-third of its daily natural gas supply.\u00a0 Our aim is to bring to TBG\u2019s Board our industrial experience with gas infrastructure in regulated environments and support the progress of the company through this knowledge sharing.\u201d<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Mr. Thomas continued, \u201cLooking ahead, we believe that the market dynamics for natural gas infrastructure in Brazil are very favorable, positioning the sector for extraordinary growth.\u00a0 We remain committed to the ongoing strategic relationships we have established with Fluxys and our partners in Brazil.\u201d<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Santander acted as financial advisor to EIG in connection with the transaction, and Paul Hastings and Stocche Forbes served as EIG\u2019s legal advisors.\u00a0 Citi acted as financial advisor for Fluxys, and Linklaters and Mattos Filho served as Fluxys\u2019 legal advisors.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">\u00a0<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\"><strong>About Transportadora Gasoduto Bol\u00edvia-Brasil<\/strong><\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Transportadora Gasoduto Bol\u00edvia-Brasil (\u201cTBG\u201d) owns and operates a 2,593 km pipeline system, responsible for providing the uninterrupted flow of up to 30 million cubic meters per day of Brazilian and Bolivian natural gas, spanning the states of Mato Grosso do Sul, S\u00e3o Paulo, Paran\u00e1, Santa Catarina, and Rio Grande do Sul in Brazil.\u00a0 TBG is one of Brazil\u2019s three major gas pipeline operators, along with TAG and NTS, supplying regions that account for more than 50% of the country\u2019s GDP. \u00a0TBG is physically connected to seven distributors and thousands of end consumers in those regions, thereby integrating a very large market.\u00a0 With its own specialized technical staff, TBG is the only carrier in the country that manages its own operations and maintenance and is the pioneer of the \u201centry and exit\u201d model in the Brazilian grid system.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">\u00a0<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\"><strong>About EIG Global Energy Partners<\/strong><\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">EIG Global Energy Partners (\u201cEIG\u201d) is a leading institutional investor to the global energy sector with $21.9 billion under management as of September 30, 2020.\u00a0 EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $34.4 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG&#8217;s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG&#8217;s website at\u00a0<a href=\"http:\/\/www.eigpartners.com\/\">www.eigpartners.com<\/a>.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">\u00a0<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\"><strong>About Fluxys<\/strong><\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Headquartered in Belgium, Fluxys is a fully independent gas infrastructure group with 1,200 employees active in gas transmission &amp; storage and liquefied natural gas terminalling. \u00a0Through its associated companies across Europe, Fluxys operates 9,000 kilometers of pipeline and liquefied natural gas terminals totaling a yearly regasification capacity of 29 billion cubic meters.\u00a0 Among Fluxys\u2019 subsidiaries is Euronext-listed Fluxys Belgium, owner and operator of the infrastructure for gas transmission &amp; storage and liquefied natural gas terminalling in Belgium. \u00a0For additional information, please visit Fluxys\u2019 website at\u00a0<a href=\"https:\/\/www.fluxys.com\/\">fluxys.com<\/a>.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">\u00a0<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\"><strong>Media Contact:<\/strong><\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Sard Verbinnen &amp; Co.<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">Kelly Kimberly \/ Brandon Messina<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\">+1 212-687-8080<\/p>\n<p class=\"rtejustify\" style=\"text-align: justify;\"><a href=\"mailto:EIG-SVC@sardverb.com\">EIG-SVC@sardverb.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIO DE JANEIRO and WASHINGTON, D.C. &#8211;\u00a0\u00a0EIG Global Energy Partners (\u201cEIG\u201d) today announced it has signed a definitive agreement with Fluxys for the sale of EIG\u2019s approximately 27.5% stake in Transportadora Brasileira Gasoduto Bol\u00edvia-Brasil (\u201cTBG\u201d).\u00a0 TBG owns and operates the Brazilian section of the Bol\u00edvia-Brazil pipeline (\u201cGASBOL\u201d), an approximately 2,600 km (1,600 mile) natural gas [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2126","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - 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