Saudi Aramco signs gas pipeline deal
Saudi Aramco said it has signed a US$15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company in its second major infrastructure deal this year.
Under the new deal, a newly formed subsidiary, Aramco Gas Pipelines Co, will lease usage rights in Aramco鈥檚 gas pipeline network and lease them back to Aramco for a 20-year period, the Saudi oil firm said.
In return, Aramco Gas Pipelines Co will receive a tariff payable by Aramco for the gas products that flow through the network, backed by minimum commitments on throughput.
Aramco will hold a 51 percent stake in Aramco Gas Pipeline Co and sell a 49 percent stake to investors led by BlackRock and Hassana, a Saudi state-backed investment management firm.
鈥淲ith gas expected to play a key role in the global transition to a more sustainable energy future, our partners will benefit from a deal tied to a world-class gas infrastructure asset,鈥 Aramco president and CEO Amin Nasser said in a statement.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.