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ADNOC Gas Pipeline Assets LLC

Company Summary

Description

ADNOC Gas Pipeline Assets LLC is  newly formed subsidiary of ADNOC with lease rights to 38 pipelines covering a total of 982.3 kilometers, with ADNOC holding the 51% majority stake and a group of six investors owning the remaining 49%.

Related Entities

Recent news

  • 9/7/2023 - ADNOC Gas Secures LNG... (subscriber access)
  • 7/5/2023 - ADNOC Awards $1.34B in... (subscriber access)
  • 3/7/2023 - ADNOC Raises $2.5B from... (subscriber access)
  • 2/10/2021 - Galaxy Pipeline Assets,... (subscriber access)
  • 10/21/2020 - Abu Dhabi Pension Fund... (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

BUYERS:
  • Global Infrastructure Partners
  • Brookfield Asset Management
  • Snam SpA
  • GIC Private Limited
  • Ontario Teachers’ Pension Plan
  • NH Investment & Securities Co
    • SELLERS:
  • Abu Dhabi National Oil Company (Adnoc)
  • ADNOC Gas Pipeline Assets LLC
    • DETAILS:

    COST: 10.1 $B

    NOTES:
    Abu Dhabi is closing in on a deal to sell a stake in natural gas pipelines to a group led by Global Infrastructure Partners and Brookfield Asset Management. The purchase would include a 49% stake in the pipelines as soon as this month, with the pipes valued in excess of $15 billion.
    REGIONS:
  • Middle East

    • Date: 10/21/2020
    Type: Acquisition

    BUYERS:
  • Abu Dhabi Pension Fund (ADPF)
  • ADQ
    • SELLERS:
  • ADNOC Gas Pipeline Assets LLC
  • Abu Dhabi National Oil Company (Adnoc)
    • DETAILS:

    COST: 2.1 $B

    NOTES:
    Abu Dhabi Pension Fund and holding company ADQ have made a $2.1 billion investment into the nation's gas pipeline assets which are owned by ADNOC. The deal includes a 1/5 stake in the business, which includes 38 pipes across 610-miles.
    REGIONS:
  • Middle East