TotalEnergies secures 1.8 billion dollars for African midstream infrastructure
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TotalEnergies will receive 1.8 billion dollars in an infrastructure asset sale to Global Infrastructure Partners. The agreement transfers equity ownership of core African transport and midstream installations to the infrastructure fund manager. TotalEnergies retains operatorship of the networks, paying a throughput-based tariff over fifteen years to guarantee asset returns. The cash infusion reduces balance sheet exposure on long-cycle oil and gas transport infrastructure while maintaining product flow to international export markets The structure mirrors recent balance sheet strategies deployed across the North Sea and North America, where international oil companies trade capital-intensive plumbing for immediate liquidity. By carving out infrastructure equity, the French major frees capital for upstream development without relinquishing physical control of the valves. Global Infrastructure Partners, managing more than 189 billion dollars in infrastructure portfolios, secures long-term yielding assets backed by contracted volumes The transaction expands a capital allocation model deployed by the energy major since 2021, when it secured 750 million dollars from GIP against downstream processing units at its Gladstone LNG project in Australia. By carving out African infrastructure equity for an immediate capital contribution, the operator monetises long-cycle midstream...
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