TotalEnergies signed a partnership agreement on September 18 with Global Infrastructure Partners (GIP) covering interests in some of its African oil and gas midstream infrastructure assets. GIP is part of BlackRock.
In exchange for a US$1.8 billion capital contribution, TotalEnergies will pay a throughput-based tariff for up to 15 years. The company described the arrangement as crystallising value from existing infrastructure; the announcement did not list the assets or specify a completion timetable.
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The partnership proposes four additional capabilities alongside existing remittance services.
Source: Emirates News Agency (WAM)
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