EIG Sells Stake in Bolivia-Brazil Natural Gas Pipeline, Eyes More Brazilian Investments

EIG intends to buy a bigger piece of this pipeline, as well as additional assets, and invest in Brazil’s natural gas industry, CEO Blair Thomas told Reuters in a video interview.

RIO DE JANEIRO, BRAZIL - (Reuters) EIG Global Energy Partners has sold its stake in the Brazilian portion of the Bolivia-Brazil natural gas pipeline, widely known as Gasbol, to Fluxys Belgium NV, the chief executive officer of the U.S.-based company said on Tuesday, January 5th.

The sale of EIG’s 27.5% stake in the Brazilian part of the pipeline for an undisclosed amount ends a regulatory conflict that could have prevented it from bidding for a 51% stake in the same asset that Brazil’s state-run oil firm Petrobras plans to sell in a competitive bid . . .

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