Adnoc mulls multi-billion dollar gas pipeline deal

Bloomberg

Abu Dhabi National Oil Co. (Adnoc) is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter.
Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5 billion or more, one of the people said, asking not to be identified as the matter is private. Adnoc is yet to hire banks for the plans and talks are in the early stages, the people said.
“As we have demonstrated over the last two years, we are actively exploring a number of potential options to optimise and maximise value from across our portfolio of assets,” Adnoc said in a statement. “Some of these options are still at an early stage of review and we will update the market as is appropriate and in due course.”
The company has attracted about $10 billion in investments this year, including a $5.8 billion deal with Eni SpA and OMV AG for a stake in its refining unit.