Connection

popular articles

Syntholene secures 20 MW energy agreement powered by geothermal energy
Nuclear Fusion: First Plasma Generation in the SMART Tokamak
DRC: Ruzizi power plant cuts output due to plastic waste
Berlin rules out any restart of Nord Stream 2 pipeline despite Russian speculation
Ukraine and USA collaborate on post-conflict energy network

Aramco raises $15.5 billion to use its gas pipelines

  • [favorite_button]

Please share:

Saudi oil giant Aramco announces the signing of a $15.5 billion agreement with a consortium led by asset manager BlackRock for the use of its gas pipeline network.

Aramco and BlackRock create Aramco Gas Pipelines Company

Under the terms of the contract, a joint venture will be created, Aramco Gas Pipelines Company, owned 51% by Aramco and 49% by the consortium led by BlackRock.
Aramco Gas Pipelines will lease the rights to use Aramco’s pipeline network for a period of 20 years, the Saudi group said in a statement, adding that it would retain “full ownership and control” of the network.
The deal is expected to generate $15.5 billion (around 13.73 billion euros) for the Saudi group, which will in return pay the joint venture usage rights on the volume of crude transiting the network.

After pipelines

This is the second major infrastructure contract of the year for the oil giant, following the signing in April of a similar contract for the use of its pipelines with a consortium led by US-based EIG Global Energy Partners for $12.4 billion.
In recent years, Aramco has spearheaded the diversification of the kingdom’s hydrocarbon-dependent economy.
Oil revenues finance part of the mega-projects spearheaded by Crown Prince Mohammed ben Salmane as part of the “Vision 2030” plan.

“With gas set to play a key role in the global transition to a more sustainable energy future, our partners will benefit from a transaction linked to a world-class gas infrastructure asset,” says Aramco Chairman and CEO Amin Nasser in a statement.

With the Covid-19 pandemic having weighed on oil demand, accentuating the drop in black gold prices, at the end of March 2021 the kingdom asked major Saudi companies, including Aramco, for an extra effort to stimulate the private sector as part of a mega-investment plan dubbed “Shareek” (partner in Arabic).

Register free of charge for uninterrupted access.

Publicite

Latest news

Siemens and RIC Energy join forces to develop synthetic fuels in Spain
Verdagy and Mainspring to install hydrogen-powered generator in Moss Landing
Solveo Energies deploys dynamic agrivoltaic system on apricot orchard
European Energy launches e-methanol production and posts strong results
Grenergy to invest €3.5bn to strengthen its storage assets by 2027

Recently published in

Cheniere signs 15-year deal with Canadian Natural to support Sabine Pass

Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
Cnooc plans dry dock for its LNG bunker barge in July
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
en_1140290957540-16
Cnooc plans dry dock for its LNG bunker barge in July
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
en_1140290957540-16
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
ACWA Power to invest up to $10 billion in Malaysia for energy projects
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
en_1140290949540-16
Baghdad Challenges Kurdistan’s Gas Contracts with American Companies
The Iraqi federal government initiates legal proceedings against the autonomous region of Kurdistan regarding gas contracts signed with American companies, while Washington reaffirms its support for these strategic energy agreements.
en_1140290951540-15
Baghdad Challenges Kurdistan’s Gas Contracts with American Companies
The Iraqi federal government initiates legal proceedings against the autonomous region of Kurdistan regarding gas contracts signed with American companies, while Washington reaffirms its support for these strategic energy agreements.
en_1140290951540-15

South Africa Seeks US Support to Exploit Shale Gas Reserves

South Africa aims to revive the exploitation of its shale gas reserves by seeking technological and commercial support from the United States, proposing a major purchasing agreement for American liquefied natural gas.
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15
Fusion Fuel plans £50mn strategic acquisition in UK fuel distribution
Fusion Fuel Green has signed a preliminary agreement to acquire a private UK-based fuel distribution company generating $58mn in revenue, through a £50mn debt-equity structured transaction.
en_1140290955540-15
China Adopts Henry Hub Indexation in American LNG Contracts
Several Chinese companies have signed long-term contracts to purchase liquefied natural gas indexed to the U.S. Henry Hub, despite heightened trade tensions and the recent application of specific tariffs on American hydrocarbons.
en_1140290958540-15
China Adopts Henry Hub Indexation in American LNG Contracts
Several Chinese companies have signed long-term contracts to purchase liquefied natural gas indexed to the U.S. Henry Hub, despite heightened trade tensions and the recent application of specific tariffs on American hydrocarbons.
en_1140290958540-15
Jereh deploys AI-powered fracturing platform in Sichuan
Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
en_1140290963540-7
Jereh deploys AI-powered fracturing platform in Sichuan
Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
en_1140290963540-7

Australia Extends North West Shelf Gas Project Operations by 40 Years

The Australian government has authorized an extension of the major North West Shelf gas project until 2070, sparking economic, cultural, and environmental debates both domestically and on international liquefied natural gas markets.
ExxonMobil enters exclusive talks to sell its stake in Esso S.A.F.
ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.
en_1140290962540-10
ExxonMobil enters exclusive talks to sell its stake in Esso S.A.F.
ExxonMobil plans to sell its 82.89% stake in Esso S.A.F. to North Atlantic France, valuing shares based on €1.49bn cash holdings and a price subject to several adjustments.
en_1140290962540-10
Woodfibre LNG develops world’s first net zero LNG export facility
Pacific Energy’s Canadian subsidiary plans to produce liquefied natural gas with one of the lowest carbon intensities in the sector, using low-emission technologies and local carbon credits.
en_1140290944540-14
Woodfibre LNG develops world’s first net zero LNG export facility
Pacific Energy’s Canadian subsidiary plans to produce liquefied natural gas with one of the lowest carbon intensities in the sector, using low-emission technologies and local carbon credits.
en_1140290944540-14
South Africa aims to import US LNG worth $12 billion over ten years
South Africa has proposed a liquefied natural gas import agreement with the United States to strengthen bilateral trade and establish a long-term business partnership.
en_1140290945540-14
South Africa aims to import US LNG worth $12 billion over ten years
South Africa has proposed a liquefied natural gas import agreement with the United States to strengthen bilateral trade and establish a long-term business partnership.
en_1140290945540-14

Arbitration: Enagás Secures USD 302 Million from Peru After Upward Revision

ICSID increases compensation owed to Enagás to USD 302 million in dispute over Peru’s cancellation of a major gas pipeline project.
Serbia extends gas contract with Russia until 30 September
Belgrade has confirmed the temporary extension of its gas supply contract with Moscow, ensuring the daily delivery of 6 million cubic metres until autumn at an unchanged price.
en_1140290949540-6-1
Serbia extends gas contract with Russia until 30 September
Belgrade has confirmed the temporary extension of its gas supply contract with Moscow, ensuring the daily delivery of 6 million cubic metres until autumn at an unchanged price.
en_1140290949540-6-1
Gas stocks in Europe surpass 50 bcm but remain below required levels
European gas reserves reach 50.3 bcm, but current injection rates may prevent meeting the 90% regulatory target before November.
en_1140290955540-13
Gas stocks in Europe surpass 50 bcm but remain below required levels
European gas reserves reach 50.3 bcm, but current injection rates may prevent meeting the 90% regulatory target before November.
en_1140290955540-13
Venture Global secures final approval to build CP2 gas terminal in Louisiana
The U.S. federal commission has authorised Venture Global to begin construction of the CP2 plant, a 28 Mt/year LNG terminal that could become the country’s largest.
en_1140290962540-8
Venture Global secures final approval to build CP2 gas terminal in Louisiana
The U.S. federal commission has authorised Venture Global to begin construction of the CP2 plant, a 28 Mt/year LNG terminal that could become the country’s largest.
en_1140290962540-8

TotalEnergies maintains its strategy despite economic pressures and activism

Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
Sonelgaz to invest $4.94bn to strengthen its network and electricity exports
The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.
en_1140290975540-3
Sonelgaz to invest $4.94bn to strengthen its network and electricity exports
The Algerian state utility plans a 56% increase in 2025 investment, targeting domestic network expansion and electricity export growth towards Europe and Africa.
en_1140290975540-3
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Indonesia faces gas shortage by 2033 without new projects
Wood Mackenzie warns of a potential gas supply deficit in Indonesia, due to slow development of untapped resources and a lack of attractive regulatory framework.
en_1140290978540-4
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11
Mubadala Energy signs gas supply deal with Indonesia’s Pupuk for 200 mmscf/d
Mubadala Energy will supply natural gas to two Pupuk Indonesia plants starting in late 2028, when production begins at the South Andaman block, according to statements made at an industry forum in Jakarta.
en_1140290959540-11

SSE invests £2.9bn in infrastructure and reports stable profit for 2024/25

UK-based SSE recorded an adjusted operating profit of £2.42bn for fiscal year 2024/25, supported by record investments in networks and renewable energy.
TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025
TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.
en_1140290949540-10
TotalEnergies signs agreement to purchase 2 Mtpa of LNG from Ksi Lisims LNG project in 2025
TotalEnergies has signed a 20-year contract to purchase 2 million tonnes per annum (Mtpa) of LNG from Ksi Lisims LNG, a liquefaction project located in British Columbia, Canada.
en_1140290949540-10
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Shell secures broad strategy approval but fails to unite on LNG
Shell shareholders approved 21 out of 22 resolutions at the Annual General Meeting, rejecting a motion related to liquefied natural gas activities despite strong overall support for the group’s strategy.
en_1140290952540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10
Santos gets green light for $2.3 billion gas project in New South Wales
An Australian tribunal has approved Santos' $2.3 billion Narrabri gas project despite objections from Indigenous communities and environmental concerns, citing major public benefits for gas supply.
en_1140290946540-10

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS