Spain's energy company Enagas yesterday completed the agreement announced on January 27 to acquire an additional 4% stake in Axpo's Trans Adriatic Pipeline (TAP) for 168 million euros, bringing its stake to 20%.
Report informs, citing the company, that this infrastructure will bring Enagas a dividend of around 70 million euros in 2023 which can be adapted for the transport of green hydrogen in the future.
The company notes that in the first half of the year, additional TAP transport capacity of 1.2 bcm — on top of the current 10 bcm — was contracted from 2026.
In January of this year, Axpo announced the sale of its 5% stake in TAP to two other shareholders, Belgium's Fluxys and Spain's Enagas, which acquired 1% and 4% of the pipeline's shares, respectively.
At present, the equity participation in TAP is distributed equally between BP, SOCAR, Snam, Fluxys and Enagas.
https://report.az/en/energy/enagas-completes-deal-on-increasing-its-share-in-trans-adriatic-pipeline/