{"id":104187,"date":"2025-05-30T00:00:00","date_gmt":"2025-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/"},"modified":"2025-05-30T00:00:00","modified_gmt":"2025-05-30T00:00:00","slug":"azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/azerbaijans-state-oil-fund-invests-usd-50-mn-in-adnocs-gas-pipeline-unit\/","title":{"rendered":"Azerbaijan\u2019s state oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit"},"content":{"rendered":"

SOFAZ invests USD 50 mn in AGPA through Lunate:<\/strong> The State Oil Fund of the Republic of Azerbaijan (SOFAZ) invested USD 50 mn in Adnoc\u2019s gas pipeline unit, Adnoc Gas Pipeline Assets<\/a> (AGPA), through a Lunate<\/a> -managed investment fund, according to a press release<\/a>. The gas pipeline infrastructure network is subject to a long-term usage agreement between AGPA and Adnoc.<\/p>\n

AGPA might see new investors come on board this year<\/strong>, after US-based investment fund Global Infrastructure Partners (GIP), the unit\u2019s largest foreign stakeholder, was said to be <\/span>working with advisors<\/a> to gauge interest in acquiring its holding in AGPA, with Lunate mentioned as a potential buyer. A GIP-led consortium had acquired 49% of the company back in 2020 in a transaction that valued the entire network, including debt, at almost USD 21 bn.<\/span><\/p>\n

Lunate \u2665\ufe0f Adnoc:<\/strong> Abu Dhabi-based alternative asset manager Lunate was reportedly set to acquire a 6% stake<\/a> in the gas pipeline unit from Italian gas network operator Snam SpA through Lunate\u2019s Long-Term Capital Fund I. The value of the acquisition wasn\u2019t disclosed, but Italian investment bank Mediobanca estimated that the stake could be valued at USD 200 mn, with a book value of EUR 135 mn. It had previously acquired a 40% stake<\/a> in Adnoc\u2019s oil pipeline asset network from BlackRock and KKR & Co back in 2024.<\/p>\n

About Adnoc Gas Pipelines:<\/strong> The Adnoc subsidiary\u2019s portfolio includes a network of 38 gas pipelines spanning 982 km across the UAE, including 12 pipelines dedicated to sales, 15 for gas injection, and 11 for natural gas liquids.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment took place through a Lunate-managed investment fund<\/p>\n","protected":false},"author":1,"featured_media":104188,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[57,7,25,70,266,56],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-adnoc","tag-enterpriseam-uae","tag-investment-watch","tag-lunate","tag-oil-and-gas","tag-uae-azerbaijan-relations","wpautop","entry"],"acf":{"mongo_id":"d4b63b9f-6ef5-4973-aee1-0c64b6d562a5","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1576.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Azerbaijan\u2019s state Oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit","related_issue":[104180],"teaser":"The investment took place through a Lunate-managed investment fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.5b287f12-22ac-4b57-b177-34c1b734a46b.mp3"},"yoast_head":"\nAzerbaijan\u2019s state oil fund invests USD 50 mn in Adnoc\u2019s gas pipeline unit - 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