The consortium formed by Sempra and Techint will acquire 55% percent shareholding in the Southern Andean Gas Pipeline concession in Peru, replacing Odebrecht's remaining stake in the project.
We informed in March that Enagas assumed leadership in the project substituting Odebrecht Latinvest main role. David San Frutos, Manager of Enagas in Peru, would be the CEO of the project and Dennis Gray, Manager of Corporate Finance of Graña y Montero, will be in charge of financing for the project.
Enagas and Graña y Montero maintain their respective stakes in the the Southern Andean Gas Pipeline concession 25% y 20%.
Concesionaria del Gasoducto Sur Peruano S.A., is responsible for the design, construction and operation of the pipeline system for gas transportation. The Southern gas pipeline is a project which will bring natural gas to the southern region of the country, especially to the provinces of Cuzco, Arequipa, Puno and Moquegua.