Engie Strengthens Partnerships With New Investors in TAG – Future Prospects for the Business

Written by Paulo Nogueira

Published on 28/12/2023 at 23:03

Eduardo Takamori CEO da Engie (Foto: Divulgação) – Todos os direitos: EPBR

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Engie Sells 50% of TAG to Canadian Fund CDPQ in Significant Announcement This Thursday, Aiming for Implementation in Natural Gas Transportation Across Brazil.

The energy company Engie announced today the sale of 15% of the Transportadora Associada de Gás (TAG) to the Caisse de Dépôt et Placement du Québec (CDPQ) for R$ 3 billion. With this, the French group and the Canadian fund will hold the same stake in the company.

Engie Brasil Energia, which holds 32.5% of TAG, will reduce its stake to 17.5%. On the other hand, GDF International, also part of the Engie group, will maintain its 32.5% stake. CDPQ, through its wholly-owned subsidiary CDP Groupe Infrastructures Inc., increases its stake from 35% to 50% in TAG, consolidating its position in the company.

Engie Increases Stake in Transportadora Associada de Gás (TAG)

Engie announced this Thursday a significant increase in its stake in Transportadora Associada de Gás (TAG), following the purchase of the remaining 10% from Petrobras for R$ 1 billion at the time (R$ 1.4 billion adjusted).

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Engie and CDPQ Strengthen Presence in the Natural Gas Transportation Sector

TAG has the largest natural gas transportation network in Brazil, with a pipeline infrastructure of approximately 4,500 km, located along part of the Southeast coast and the Northeast coast of the country, in addition to a segment connecting Urucu to Manaus (AM) in the North region.

Source: EPBR

Engie Strengthens Partnerships With New Investors in TAG – Future Prospects for the Business

Engie Sells 50% of TAG to Canadian Fund CDPQ in Significant Announcement This Thursday, Aiming for Implementation in Natural Gas Transportation Across Brazil.

Engie Increases Stake in Transportadora Associada de Gás (TAG)

Engie and CDPQ Strengthen Presence in the Natural Gas Transportation Sector

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Engie Strengthens Partnerships With New Investors in TAG – Future Prospects for the Business

Engie Sells 50% of TAG to Canadian Fund CDPQ in Significant Announcement This Thursday, Aiming for Implementation in Natural Gas Transportation Across Brazil.

Engie Increases Stake in Transportadora Associada de Gás (TAG)

Engie and CDPQ Strengthen Presence in the Natural Gas Transportation Sector

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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While the world is living in 2026, Nepal has already entered 2083 and uses a calendar that intrigues visitors, appears in official documents, and makes astronomers decide when each new year really begins, far from the standard adopted in much of the planet.

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