Iona sells southern North Sea gas pipeline stake

Offshore staff

CALGARY, Canada – Iona Energy has entered a sale and purchase agreement with GDF Suez E&P UK (part of the ENGIE Group) for Iona’s 2.5% interest in the Esmond Transportation System in the UK southern gas basin.

This includes Iona’s associated interest in the EAGLES offshore gas trunkline.

The $2-million deal is expected to be completed soon, subject to regulatory and third-party consents.


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