Eni sells its gas distribution operations in Hungary
San Donato Milanese — Eni and MET Holding AG signed an agreement to sell 98.99% of Tigaz Zrt to MET, including Eni’s gas distribution operations in Hungary through its participations in Tigaz DSO and Turulgaz.
 |
Tigaz owns and operates a 33,700 km-long network in North-Eastern Hungary (representing 48% of the national grid) and 1.2 MM delivery points in a regulated market environment.
The agreement was reached following a competitive tender.
Through this deal, Eni completes its exit from the gas sector in Hungary in line with its disposals and asset rationalization plan. The exit process started in 2016 with the disposal of Eni’s gas marketing activities in Hungary in both free and regulated markets.
The transaction is subject to regulatory approval by the relevant authorities.
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments