ADNOC Contemplates Part Indirect Local Ownership of Natural Gas Pipeline

Posted on 08/12/2020

Abu Dhabi National Oil Company (ADNOC) is contemplating moving its 51% holding in its natural-gas pipeline network into a special purpose entity. ADNOC could end up selling 20% of that special purpose entity to one or more local funds.

Earlier, ADNOC sold a 49% stake in the natural gas pipeline network to an investor group that included Brookfield Asset Management, Global Infrastructure Partners, and Singapore’s GIC Private Limited.

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