Antin buys control of UK North Sea pipeline

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 the Everest 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

CATS fixed riser platform

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