With the acquisition of 49% of TAG, Brazil’s largest owner of the natural gas transport network, ENGIE is growing its portfolio of customers in Brazil on long-term contracts by expanding its infrastructure activities.
ENGIE will develop a means of transporting gas derived from new technologies such as biomethane and green hydrogen. This will contribute to the decarbonization of Brazil’s energy mix.
With 4,500 km high pressure gas pipelines
6 subcontracted, 6 owned
Interconnection with 10 gas distributors
ENGIE is the largest private energy producer in Brazil. It operates an installed capacity of 10,207 MW at 42 power plants, representing approximately 6% of the country’s capacity. Most (90%) of the Group’s installed capacity in the country comes from clean and renewable sources, which generate low greenhouse gas emissions.
With a proven ability to operate sophisticated large-scale infrastructure (developing, building and operating large infrastructure in the gas and power sectors), ENGIE will develop new uses for gas transportation networks stemming from new technologies such as biomethane and green hydrogen.
It will thus contribute to the diversification and decarbonization of Brazil’s energy mix, replacing high-carbon energy sources and supplementing renewable energies.
“The acquisition of TAG is an important step for ENGIE in Brazil, a key country for the Group, where it has been operating for 23 years. This transaction is totally aligned with ENGIE’s strategy of becoming the leader in the zero carbon transition by supporting Brazil in decarbonizing its energy mix. This acquisition will also enable the Group to diversify its infrastructure activity by creating new opportunities in growing markets and capitalising on its expertise in the operation of sophisticated infrastructure.”
Isabelle Kocher, ENGIE’s Chief Executive Officer