EIG Clears Pathway to Buying Petrobras Assets

Sabrina Valle and Gram Slattery, Reuters
Thu, 01/07/2021 - 08:10 AM
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EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said on Jan. 5.
U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil's state-run oil company Petrobras, CEO Blair Thomas told Reuters, as part of a wider move to into the country's growing natural gas industry.
He said antitrust issues blocking an EIG bid for a stake in Petrobras are settled by the sale for an undisclosed amount of EIG's 27.5% stake in the Brazilian part of a pipeline known as Gasbol, which connects Bolivian reserves to Brazil.

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