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2 clusters · 10 sources · 5 days · First seen · Last updated

TotalEnergies African infrastructure asset deal

Overview

TotalEnergies has entered into a $1.8 billion agreement with Global Infrastructure Partners (GIP), a fund managed by BlackRock, concerning its oil and gas infrastructure assets in Africa.

The deal is structured as a sale-and-leaseback arrangement. Under these terms, TotalEnergies will receive upfront capital while maintaining the operational use of its midstream assets. In return, the company will pay GIP a throughput-based tariff or fee based on production volumes for a period of up to 15 years.

While the specific projects involved in the agreement were not detailed, the deal highlights the value of the company’s midstream infrastructure in the region, which includes interests such as the East Africa Crude Oil Pipeline (EACOP) connecting Uganda and Tanzania.

Entities

BlackRock · TotalEnergies · Global Infrastructure Partners · Totalenergies Integrated Power Germany

Timeline

  1. 4 days ago

    [BUSINESS] 3 sources
    TotalEnergies secures $1.8B Africa deal and consolidates German power business

    TotalEnergies has secured a $1.8 billion infrastructure deal in Africa with GIP and is consolidating its German electricity business under a new integrated power unit.

  2. 8 days ago

    [BUSINESS] 7 sources
    TotalEnergies strikes $1.8 billion deal with BlackRock's GIP for African assets

    TotalEnergies has reached a $1.8 billion deal with BlackRock’s Global Infrastructure Partners to invest in African oil and gas infrastructure assets over a 15-year period.

Sources

africa.businessinsider.com · alborsaanews.com · cryptobriefing.com · diarioeconomico.co.mz · energymag.gr · finanznachrichten.de · forbesafricalusofona.com · saurenergy.com · solarserver.de · thevaultznews.com