Fluxys, Enagas agree joint acquisition of Swedegas

Fluxys and Enagás have agreed to jointly acquire Swedegas, the company which owns and operates Sweden’s entire high-pressure gas pipeline network, from EQT Infrastructure.

Enagás and Fluxys will each invest around €100 million in terms of equity and in addition, third party debt financing will be provided at competitive terms, companies said in a statement. Both companies are managed as ownership unbundled Transmission System Operators as modelled by the European Union.

Swedegas, certified as TSO by the Swedish regulator (EI), owns around 600 km of high-pressure gas pipelines and an underground Storage facility, Skallen, located nearby Halmstad. It is also developing a bunkering/small scale LNG terminal in Gothenburg categorised as a project of common interest by the EU.

Image: Swedegas