Enagas SA, the Spanish gas grid operator, has announced plans to sell its 30.2% stake in US energy infrastructure company Tallgrass Energy to Blackstone Infrastructure Partners for USD 1.1 billion (EUR 1.01 billion).
This move, revealed in a press statement on Wednesday, is part of Enagas' strategy to raise capital for expanding its green hydrogen initiatives.
The sale follows a consortium-led privatization of Tallgrass Energy in 2020, involving Blackstone, Enagas, Singapore's sovereign wealth fund GIC, NPS, and USS.
Enagas aims to strengthen its financial position to accelerate investments in renewable hydrogen infrastructure.
These investments are crucial for supporting the European Union's Projects of Common Interest and align with Enagas' involvement in the European Hydrogen Backbone (EHB).
Enagas plans to allocate approximately EUR 3.2 billion from 2026 to 2030 towards developing hydrogen infrastructure, including projects like the La Robla green hydrogen production plant in Spain and a hydrogen pipeline linking Spain and France.
