Abu Dhabi oil giant Taqa has agreed to sell its stake in a Dutch natural gas pipeline for £150million, the state-owned Gulf firm said.
The sale of the 40% stake in Noordgastransport (NGT) to pension fund PensionDanmark is expected to close by the end of the year.
NGT consists of about 295 miles of offshore pipeline with a daily gas capacity of around 1.5billion cubic feet. Taqa bought the stake in the pipeline, operated by GDF Suez, in 2009.
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