Repsol SA : 31/01/2014 Repsol reaches an agreement with Enagás to sell its 10% stake in the Transportadora de Gas del Perú pipeline for 219 million dollars

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Madrid, January 31st 2014

Repsol reaches an agreement with Enagás to sell its 10% stake in the Transportadora de Gas del Perú pipeline for 219 million dollars

Repsol has reached an agreement with Enagás to sell its 10% stake in the gas pipeline of Transportadora de Gas del Perú (TGP) for approximately 219 million dollars. This transaction will generate estimated net capital gains of nearly 75 million dollars.
TGP is the company responsible for the transportation of natural gas and natural gas liquids from Camisea fields to the Peru LNG liquefaction plant located in Pampa Melchorita and to the city of Lima. Repsol sold its stake in the liquefaction plant as part of the recently completed sale of LNG assets.
This transaction has been carried out in the context of the objective of divestments in non- strategic assets outlined in 2012-2016 Repsol Strategic Plan.
The completion of the transaction will occur in the coming months, subject to the customary conditions required in this type of transactions and to the pre-emption rights process for existing shareholders.