EIG sells stake in Brazil-Bolivia pipeline, wants to bid for 51% of Petrobras assets

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. U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil’s state-run oil company Petrobras, Chief Executive Blair Thomas told Reuters, as part of a wider move to into the country’s growing natural gas industry.

Source: Reuters