BP to sell stake in sea pipeline

The latest business news from lep.co.uk
The latest business news from lep.co.uk
Share this article
0
Have your say

BP has agreed to sell its stake in a major North Sea gas pipeline system for £324m.

The company is to sell its equity in the Central Area Transmission System to Antin Infrastructure Partners, which already owns a majority interest.

The oil giant said the move will ensure a better future for the key piece of North Sea infrastructure.