Abu Dhabi Pension Fund, ADQ invest $2.1bn in ADNOC energy infrastructure deal

Abu Dhabi Pension Fund, ADQ invest $2.1bn in ADNOC energy infrastructure deal

ADNOC announced that Abu Dhabi Pension Fund (ADPF) and ADQ will invest $2.1bn into select ADNOC gas pipeline infrastructure assets.Under the terms of the agreement, ADNOC will divest 20% in ADNOC Gas Pipelines HoldCo LLC, a wholly owned ADNOC entity that holds 100% of ADNOC's interest in ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines), to ADPF and ADQ. ADNOC Gas Pipelines is a subsidiary of ADNOC with lease rights to 38 gas pipelines covering a total of 982 kilometers. In July 2020, a consortium of global investors, comprising Global Infrastructure Partners, Brookfield Asset Management, Singapore's sovereign wealth fund GIC, Ontario Teachers' Pension Plan Board, NH Investment & Securities and Snam (the Consortium), invested $10.1 billion for a collective 49% stake in