Edison SpA and Enel SpA have raised their stakes in the GALSI gas pipeline project following the withdrawal from the consortium of Wintershall, GALSI said.

In a statement, GALSI said Wintershall has sold its 13.5-percent stake in the project to the other GALSI consortium members.

As a result, Edison has raised its stake by 2.8 percentage points to 20.8 percent, Enel by 2.1 percentage points to 15.6 percent, Sonatrach by 5.6 percentage points to 41.6 percent, Sfirs by 1.6 percentage points to 11.6 percent and Hera Trading by 1.4 percentage points to 10.4 percent.

The GALSI gas pipeline project will transport Algerian gas through Sardinia to the Italian mainland and is expected to be operative in 2012-2013.

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Related Project
Galsi Pipeline
Facility Type: Pipeline Owner: Galsi SpA (Edison SpA; Sonatrach; Enel; Hera Trading; Sfirz)
Scope: New Construction Location: Koudiet Draouche, Algeria to Piombino, Italy Algeria