Spanish transmission system operator Enagás has finalized a deal to sell its 30.2% stake in Tallgrass Energy to Blackstone Infrastructure Partners for $1,100 million as part of its hydrogen investment plans. The sale, expected to be completed by the end of July 2024, is part of Enagás' asset rotation strategy outlined in its 2022-2030 Strategic Plan, focusing on decarbonization and supply security. Despite an accounting loss in the income statement, the transaction will positively impact Enagás' Cash Flow Statement. By divesting from Tallgrass Energy, Enagás aims to fortify its financial position for investing in renewable hydrogen infrastructure, complying with EU Projects of Common Interest and Spanish regulatory directives. This move is anticipated to enhance Enagás' dividend policy and long-term sustainability. The company's asset rotation program involves not only divestments like the GNL Quintero terminal in Chile but also strategic acquisitions in Europe, such as increasing its share in the Trans Adriatic Pipeline and participating in the Hanseatic Energy Hub consortium for LNG terminal development in Germany.