Enagás, S.A. (BME:ENG) may eventually sell assets, including its stake in Tallgrass Energy, LP, to fund pipelines needed to cut Europe's dependence on Russian fuel. Enagás holds a 30% stake in Tallgrass, and for the moment it's prepared to help fund the US midstream company's strategy of prioritizing growth over dividends, Chief Executive Officer Arturo Gonzalo said. However, longer term, Enagás would consider selling its holding, along with other assets outside Europe, Gonzalo said.

If assets are mature and market conditions allow their disposal, that will be “a clear option,” Gonzalo said. For the moment, Tallgrass must “take advantage of current opportunities,” at a time when “the US has become Europe's great liquefied natural gas supplier and its midstream is working at full capacity,” he said.