Announced
Financials
Sources
Tags
Germany
gas transmission
Minority
Pending
flexible liquified natural gas
Gas Distribution
Acquisition
Private
Friendly
Single Bidder
Cross Border
Synopsis
Enagas, a natural gas transmission company, agreed to acquire a 10% stake in Hanseatic Energy Hub, a gas distribution company. Financial terms were not disclosed. "With the Hanseatic Energy Hub in the Hamburg metropolitan region, we are developing an import terminal that will secure Germany's supply of LNG and green gases and at the same time prepare for the market ramp-up of hydrogen. Enagás not only shares our vision, but also contributes with comprehensive technical expertise to help us make it a reality quickly and reliably," Johann Killinger, HEH Managing Director.
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