BG Group agreed to sell its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds of up to USD 954 million. Under the agreement, BG will sell its 62.78% interest in CATS for USD 888 million, and a deferred amount of USD 66 million. CATS comprises a fixed-riser platform linked to the Everest oil and gas platform; a 1.7-Bcf/D-capacity, 251-mile subsea pipeline; and a two-train onshore gas processing terminal whose capacity is 1.2 Bcf/D.
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