Deals
Gazprom May Sell U.K.-Belgium Gas Pipeline Stake After 20 Years
- Company's board will make decision at Nov. 30 meeting
- Fluxys has been considering increasing stake in link
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Gazprom PJSC, the supplier of about 30 percent of Europe’s natural gas, may sell its stake in one of the two pipelines connecting the U.K. to mainland Europe after more than two decades.
The company’s board will consider disposing of its 10 percent stake in the U.K.-Belgium gas link operator, Interconnector UK Ltd., at a meeting on Nov. 30, the Moscow-based producer said in a regulatory filing on Monday. It didn’t clarify whether the sale would be to a Gazprom unit and the company’s press service declined to comment immediately on the planned deal.