Energy Policy News
  • Latest
  • Archives
  • Data
  • Webinar
  • Index
Tuesday, February 7, 2023
Log In
No Result
View All Results
  • Natural Gas
  • Oil
  • Power
  • Security
  • Sustainability
Energy Policy News
  • Latest
  • Archives
  • Data
  • Webinar
  • Index
Tuesday, February 7, 2023
Log In
No Result
View All Results
Energy Policy News
No Result
View All Results

Apollo, Brookfield among bidders for Aramco Pipeline stake

Bloomberg News by Bloomberg News
October 5, 2021
in Natural Gas
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare by Email

Apollo Global Management Inc. and Brookfield Asset Management Inc. are among parties that made first-round bids for a potential multibillion-dollar stake in Saudi Aramco’s natural gas pipeline network, according to people familiar with the matter.

BlackRock Inc., EIG Global Energy Partners LLC and Global Infrastructure Partners also submitted non-binding offers for the asset late last week, the people said, asking not to be identified as the matter is private.

Aramco is seeking more than $15 billion for the gas pipeline stake in one of the largest divestments by the energy giant, the people said. The state-owned company will inform suitors whether they made it to the next round of bidding in the coming days, according to the people.

No final decisions have been made and Aramco could still decide to retain the asset, the people said. Other contenders could also emerge for the stake, with some of the bidders likely to join forces given the size of the asset, the people said.

Representatives for Aramco, BlackRock, Brookfield, EIG and GIP declined to comment, while a spokesperson for Apollo didn’t immediately provide comment.

The world’s largest oil company is planning to raise tens of billions of dollars by selling more stakes in its businesses as it seeks to maintain a $75 billion annual dividend, a key source of funding for Saudi Arabia’s government. A group of investors led by EIG Global agreed to invest $12.4 billion in Aramco’s oil pipelines in June, in one of the largest infrastructure transactions this year.

A deal involving the gas pipeline could be structured in a similar way to the oil pipeline transaction, where investors bought a minority stake in a new Aramco subsidiary with leasing rights over the assets, people with knowledge of the matter have said.

Aramco’s Master Gas System is a network of pipelines connecting its production with processing sites throughout the kingdom. The infrastructure has a capacity of about 9.6 billion cubic feet of gas per day, according to Aramco’s annual report.

Tags: 3367ApolloBrookfieldnatural gas pipelinesSaudi Aramco
Previous Post

Worst California oil spill in 27 years may be from an anchor

Next Post

EQT Energy urges FERC to forge ahead with complaint against Enbridge subsidiary

Related Posts

FERC logo
Natural Gas

FERC Friday Update: July 1, 2022

July 1, 2022
Office of Energy Projects Infrastructure Update April 2020
Natural Gas

FERC fines Salem Harbor $17M for capacity market fraud

June 29, 2022
LNG liquefied natural gas
Natural Gas

G-7 leaders favor LNG investment in U-turn due to energy crisis

June 29, 2022
Next Post
Texas Eastern urges FERC to dismiss EQT Energy complaint

EQT Energy urges FERC to forge ahead with complaint against Enbridge subsidiary

Report No. 3403

FERC Friday Update: July 1, 2022

Energy Policy News says farewell

Environmental groups protest Southwest Power Pool’s renewables accreditation

6GW of offshore wind planned with more on the way

Supreme Court curbs EPA’s climate authority in blow to Biden

Offshore wind goals depend on domestic supply

FERC fines Salem Harbor $17M for capacity market fraud

G-7 leaders favor LNG investment in U-turn due to energy crisis

DC circuit court upholds Mountain Valley Southgate expansion

Natural gas industry supports NOPR to streamline rate filings

MVP requests extra time to complete project

FERC issues final EIS for Golden Pass project

  • About
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Help Center

 Manage Cookie Consent

Follow Us

© 2022 Royal Media - Energy Policy News, formerly Foster Energy Report

No Result
View All Results
  • Latest
  • Archives
  • Data
  • Webinars
  • Index
  • SUBSCRIBE
  • Login

© 2022 Royal Media - Energy Policy News, formerly Foster Energy Report

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Effective July 1, 2022 Energy Policy News will be discontinued.

After a year of guiding readers to better understanding and awareness around the key policy issues that can make or break energy projects and growth initiatives, we made the difficult decision to shut down our publication.

We are proud of the remarkable coverage provided by our team and want to thank all our customers for your support over the past year.

Sincerely,
The Energy Policy News Team

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
34f6831605sessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
a64cedc0bfsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
crmcsrsessionGeneral purpose platform session cookie, used by sites written in JSP. Usually used to maintain an anonymous user session by the server.
JSESSIONIDsessionThe JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
LS_CSRF_TOKENsessionCloudflare sets this cookie to track users’ activities across multiple websites. It expires once the browser is closed.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
CookieDurationDescription
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
e188bc05fesessionThis cookie is set in relation to Zoho Campaigns
iamcsrsessionZoho (Customer Support) sets this cookie and is used for tracking visitors (for performance purposes)
_zcsr_tmpsessionZoho sets this cookie for the login function on the website.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gat_gtag_UA_84821447_11 minuteSet by Google to distinguish users.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
663a60c55dsessionThis cookie is related to Zoho (Customer Service) Chatbox
Save & Accept
Powered by CookieYes Logo
Go to mobile version