Abu Dhabi National Oil Company (ADNOC) has entered into an agreement with a consortium of a number of major international investors in infrastructure projects, sovereign wealth funds and pensions.
According to the Emirates News Agency, this coalition will invest an amount of 76 billion dirhams / $ 20.7 billion in a specific group of gas pipeline assets owned by ADNOC. p>
The consortium comprises: Global Investments Partners, Brookfield Asset Management, the Singapore Sovereign Wealth Fund, the Ontario Provincial Teachers' Pension Fund Board, NH Investment and Securities, and Senam. .
Under the agreement, which represents one of the largest investment deals in energy infrastructure assets in the world, the coalition partners collectively will receive a 49% stake in ADNOC Gas Pipeline Company LLC. The newly created company in which ADNOC holds the majority stake of 51%.
This new company owns the use rights of 38 pipelines with a total length of 982.3 km .. The structure of the innovative agreement allows ADNOC to benefit from global capital while maintaining at the same time. Right of control and ownership of the assets included in the investment.
Under the agreement, ADNOC Gas Pipes will lease the stake that ADNOC holds in a group of gas pipeline assets for a period of 20 years in exchange for obtaining the right to use those assets with a tariff based on Quantities.
The gas pipeline network links ADNOC's land and sea assets to the local transportation networks of the company's customers in the country .. ADNOC reserves the right to control and manage the operations of those assets, and is also responsible for operating expenses And pipeline capitalism.
This agreement contributes to supporting Abu Dhabi's ambitious goals in the gas sector, and provides investors with a unique opportunity to invest in excellent assets for low-risk energy infrastructure that provides investors with stable and long-term cash flows. The term is one of the most important energy companies in the world in terms of credit rating.
On this occasion, His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of State for the Chief Executive Officer of Abu Dhabi National Oil Company ADNOC and its group of companies, said: In line with the directives of the rational leadership, ADNO is keen .. .