Enagás buys 20% stake in BBL Company

Description

Uniper has reached an agreement with Spanish energy company Enagas to sell its 20% stake in Dutch BBL Company V.O.F., owner of a 235-kilometer gas pipeline between the UK and the Netherlands.

The subsea gas pipeline has a maximum capacity of 15 bcm/y of direct flow between Balgzand in the Netherlands and Bacton in the UK and 5 bcm/y in the opposite direction. Divestment of this non-strategic stake is part of Uniper's requirements under EU state aid legislation.

About Enagás

Enagás is a midstream business that develops, operates and maintains gas infrastructure. It also owns and operates gas transmission networks, which transport natural gas to distribution points. The business is technical operator of the Spanish gas system and certified independent transmission system operator. It owns and operates regasification plants, compressor stations and underground storage facilities in Spain and owns interests in several regasification plants in Mexico, Chile and Peru.

About Uniper

Uniper is an international energy company with operations in more than 40 countries. With some 7,000 employees, it makes an important contribution to security of supply in Europe. Uniper's core activities are power generation in Europe, global energy trading and a broad gas portfolio. Uniper plans to make its 22.5 GW of installed power generation capacity in Europe carbon-neutral by 2035. The business is already among Europe's largest hydropower plant operators and plans to further expand solar and wind power, which are essential for a more sustainable and autonomous future.