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
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