Acquisition of gas metering assets


The Gas Transportation Co. Ltd., a unit of International Energy Group Ltd., has agreed to acquire SP Gas Ltd’s portfolio of gas transportation and metering assets. SP Gas is owned by Scottish Power UK plc. The portfolio consists of 815 networks with 37,000 connected supply points. A further 14,000 connections are contracted for.

The acquisition brings the number of houses in the UK connected to GTC’s networks to some 167,000, with a further 78,000 houses on the order books.