Page 14 - MEOG Week 45 2021
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MEOG NEWS IN BRIEF MEOG
GAS two of the sources said. final price, which will likely be underwritten
EIG, Aramco and Apollo did not by a small group of banks and will be offered
EIG shortlisted as possible immediately respond to requests from Reuters to the bidders to back their purchase, sources
have said.
for comment.
buyer for Aramco gas including those involved in buying a stake in National Oil Co (ADNOC), used a lease-back
Aramco has approached investors
Earlier this year, Aramco, like Abu Dhabi
pipelines Abu Dhabi National Oil Co’s gas pipelines. agreement to sell a 49% stake of newly formed
Aramco Oil Pipelines Co to a consortium led
This was bought by a consortium including
US-based energy investor EIG has been Brookfield, Global Infrastructure Partners by EIG which also included investors from
shortlisted as a potential buyer of Saudi (GIP), Singapore sovereign wealth fund GIC China, Saudi Arabia, Korea and the United
Aramco’s gas pipelines, part of a sale that and European gas infrastructure owner and Arab Emirates.
could exceed $17 billion and is likely to operator SNAM. The buyers gained rights to 25 years of
be completed later this year, three sources GIP told Reuters this week it will not bid tariff payments for oil carried on its pipelines.
familiar with the matter said. for the Aramco gas pipelines but was looking Aramco’s planned gas pipeline deal would
Aramco is looking to sell a significant at other assets in the region, where other be based on a similar structure, sources have
minority stake in its gas pipelines, other oil-producing nations are looking to monetise previously said.
sources have previously said. assets as they transition to a post-oil era. REUTERS
In addition to EIG, private equity firms Aramco is talking to banks for a financing
such Apollo could also be potential buyers, package, equivalent to roughly 80% of the
P14 www. NEWSBASE .com Week 45 10•November•2021