Antin buys control of UK North Sea pipeline

BG Group has agreed to the sell its 62.78% interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners.

CATS fixed riser platform
CATS fixed riser platform

Offshore staff

READING, UK – BG Group has agreed to the sell its 62.78% interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners.

Antin will pay $888 million and a deferred amount of $66 million. The sale does not impact BG Group’s rights to capacity in the system.

CATS comprises a fixed-riser platform linked to theEverest oil and gas platform, a 404-km (251-mi), 1,700 MMcf/d subsea gas line to a two-train gas processing terminal with a capacity of 1,200 MMcf/d in Teesside, northeast England.

06/17/2014

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