Dennis Fandrich

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Argentina’s Pampa Sells its Indirect Pipeline Stake, Plans to Buy Petrobras Argentina

Argentina’s largest electric utility Pampa Energia revealed that they are selling their indirect stake in the pipeline operator Transportadora de Gas del Sur (TGS) for $241 million. This deal will allow Pampa to work on with the procedures to buy Petrobas Argentina.

European Union Confirms Supporting the Balticconnector Gas Pipeline Project between Finland and Estonia

On Friday, July 15, the European Union Member States confirm their support for the proposal of important European energy infrastructure projects worth €263 million by the European Commission. In the gas sector, the European grants will cover the construction of the Balticconnector pipeline (EU support €187.5 million). It is the first gas pipeline linking Estonia to Finland.

Odessa-Brody Pipeline Project to be Revived

On July 14, the Presidents of Ukraine and Azerbaijan Pyotr Poroshenko and Ilkham Aliyev revealed in a joint press conference that they are interested in implementing the Odessa-Brody pipeline project. In 2001, this pipeline was constructed for connecting Brody in the Lvov Region and Odessa on the Black Sea. However, the pipeline project has not been used often, since its construction.

Shawcor Grabs Conditional Contract for the Tuxpan Gas Pipeline Project’s Pipe Coating Services

The Mexican company Infraestructura Marina del Golfo (IMG) has offered a conditional contract to the pipe coating group of Shawcor Ltd. for providing pipeline coating solutions to the Tuxpan gas pipeline project. The conditional contract is worth approximately C$ 300 million.

Trans Adriatic Pipeline Project to get 78,000 Metric Tons Steel Product Supply by JFE

JFE Steel Corporation made an announcement on July 08 that it will supply major steel materials for the completion of the Trans Adriatic Pipeline (TAP) project. The unincorporated consortium of Marubeni-Itochu Steel Inc. (MISI) and Corinth Pipeworks Pipe Industry S.A. (CPW) won the contract for this project.

Kinder Morgan to sell its Southeastern Pipeline System’s 50% Stake

One of the largest natural gas pipeline operators in USA, Kinder Morgan, has made an official announcement on July 10 that they are selling 50% of its stake in the southeastern pipeline system. Southern Company is buying half of the equity interest in the Southern Natural Gas pipeline system, which will be continued to be operated by Kinder Morgan.

PHMSA Announced $49+ Million in Pipeline Safety Base Grants

On July 01, the Pipeline and Hazardous Materials Safety Administration (PHMSA) of the U.S. Department of Transportation have announced more than $49 million in Pipeline Safety Base Grants. This reimbursement will be used as a portion of the operating costs for the state pipeline safety programs.

Kinder Morgan gets Partner in the Utopia Pipeline Project, Sells 50% Equity to Riverstone

On June 28, Kinder Morgan, Inc. made a formal announcement that they are selling 50% equity interest of the Utopia pipeline project to the Riverstone Investment Group (LLC). To acquire the rights to become a partner of the project, Riverstone has to make an upfront cash payment to Kinder Morgan.