France’s oil and gas firm Total has signed a final agreement to sell its gas network and storage unit, Transport Infrastructures Gaz France (TIGF), to a consortium comprising Italy’s gas grid operator – Snam Rete Gas (SRG), Singapore’s Investment Corporation GIC, and France’s state-controlled energy utility Electricite de France (EDF). The TIGF deal is reportedly worth S$3.88 billion. SRG holds a 45 per cent stake in the consortium buying TIGF, with GIC and EDF owning 35 per cent and 20 per cent, respectively. TIGF was put up for sale in 2012, as part of Total’s wider strategy to sell S$32.31 billion worth of its assets by 2015, in order to enhance its cash flow and finance its investments in upstream activities.