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Aramco Gas Pipelines Company

Company Summary

Description

The newly formed Aramco Gas Pipelines Company will lease usage rights on the gas pipelines and lease them back to Aramco for 20-years.  In return for the lease, Aramco Gas Pipelines will receive a tariff for the products.

Operational Regions

  • Middle East

Related Entities

Recent news

  • 12/7/2021 - Saudi Aramco Signs $15.5... (subscriber access)

Company Transactions

Date: 12/7/2021
Type: Acquisition

NOTES:
Saudi Aramco has signed a $15.5 billion lease and leaseback deal with BlackRock Real Assets and Hassana Investment for their gas pipeline network. The newly formed Aramco Gas Pipelines Company will lease usage rights on the gas pipelines and lease them back to Aramco for 20-years. In return for the lease, Aramco Gas Pipelines will receive a tariff for the products.
REGIONS:
  • Middle East