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enagas-sells-1-1bn-stake-in-us-firm-to-finance-eu-hydrogen-investments
CEO Arturo Gonzalo © Enagás
enagas-sells-1-1bn-stake-in-us-firm-to-finance-eu-hydrogen-investments
CEO Arturo Gonzalo © Enagás

Enagás sells $1.1bn stake in US firm to finance EU hydrogen investments

Enagás has sold its stake in a US business for $1.1bn to finance its green hydrogen investments through to 2030.

The Spanish gas network operator said it reached an agreement to sell its 30.2% shareholding in Kansas-based Tallgrass Energy to Blackstone Infrastructure Partners for $1.1bn.

With the transaction expected to close at the end of this month, it comes as part of an “asset rotation process” announced by Enagás in its 2022-2030 strategic plan which prioritised decarbonising and securing energy supply in Spain and Europe.

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