Fluxys partner in Brazilian gas transmission system operator TBG
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners (EIG) have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.
TBG (Transportadora Brasileira Gasoduto Bolívia-Brasil) owns and operates the 2,600 km Brazilian section of the Bolívia-Brazil gas pipeline, a key energy infrastructure for Brazil. The agreement with EIG to become partner in TBG was announced on January 5 and is a solid fit with Fluxys’ strategy to develop outside Europe. The work done by Fluxys and EIG has provided a sound basis for their continued cooperation. Fluxys looks forward to joining the Board of TBG in its efforts to move the company ahead in its development and has set up a branch in Rio de Janeiro for managing its partnership in TBG.