Adnoc announces Dhs76 billion energy infrastructure agreements – Gulf Today

  • Date: 24-Jun-2020
  • Source: Gulf Today
  • Sector:Oil & Gas
  • Country:Gulf
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Adnoc announces Dhs76 billion energy infrastructure agreements – Gulf Today

A consortium of investors comprising Global Infrastructure Partners, GIP; Brookfield Asset Management, Singapore's sovereign wealth fund GIC; Ontario Teachers' Pension Plan Board, Ontario Teachers; NH Investment & Securities and Snam, the Consortium; will invest in select Adnoc gas pipeline assets valued at $20.7 billion (Dhs76 billion).. For Adnoc 's partners, this transaction represents a unique opportunity to invest in quality energy infrastructure assets with a low-risk profile that generate stable cash flows.. Ziad Hindo, Chief Investment Officer, Ontario Teachers', said, "This strategic transaction is attractive to Ontario Teachers' as it provides us with a stake in a high-quality infrastructure asset with stable long-term cash flows, which will help us deliver on our pension promise.". Young-Chae Jeong, Chairman & CEO of NH Investment & Securities, stated, "Investing into ADNOC's gas infrastructure and supporting Abu Dhabi's energy initiatives reinforces our investment diversification strategy and demonstrates Korea's growing presence in the global infrastructure space I am confident this milestone transaction can become a stepping-stone to broaden Korean investments in the region.".