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Abu Dhabi Funds Invest $2.1 Billion in ADNOC Gas Pipelines

Abu Dhabi Funds Invest $2.1 Billion in ADNOC Gas Pipelines
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Abu Dhabi Funds Invest $2.1 Billion in ADNOC Gas Pipelines

Abu Dhabi Funds Invest $2.1 Billion in ADNOC Gas Pipelines

The Abu Dhabi National Oil Company, ADNOC, announced today that Abu Dhabi Pension Fund, ADPF, and ADQ, one of the region’s largest holding companies, will invest AED7.7 billion (US$2.1 billion) into ADNOC gas pipeline infrastructure assets.

Under the terms of the agreement, ADNOC will divest 20% in ADNOC Gas Pipelines HoldCo LLC, a wholly owned ADNOC entity that holds 100% of ADNOC’s interest in ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines), to ADPF and ADQ.

ADNOC Gas Pipelines is a subsidiary of ADNOC with lease rights to 38 gas pipelines covering a total of 982 kilometers.

In July 2020, a consortium of global investors, comprising Global Infrastructure Partners, Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam (the Consortium), invested $10.1 billion for a collective 49% stake in the same select ADNOC gas pipeline infrastructure assets, state news agency WAM reported.

For his part, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO welcomed the partnership with both Abu Dhabi Pension Fund and ADQ.

"Joining our global investor consortium partners in this landmark energy infrastructure investment, the addition of these high-caliber UAE investors sets a new benchmark for leading global and domestic institutional investors to deploy long-term equity capital into key ADNOC energy infrastructure assets," said Sultan Al Jaber.

Also, Khalaf Abdullah Rahma Al Hammadi, Director General of Abu Dhabi Pension Fund said: "The Fund is keen to implement the directives of the UAE’s wise leadership and achieve the Abu Dhabi government's vision aimed at building strong partnerships between major national institutions to support the national economy and achieve the highest possible benefits."

Since announcing the expansion of its partnership and investment model and the more proactive value management of its assets and capital in 2017, ADNOC has entered the debt capital markets for the first time, issuing a $3 billion bond backed by the Abu Dhabi Crude Oil Pipeline.

ADNOC also recently closed innovative investment partnerships with leading global institutional investors and operators in both its oil and gas pipelines and non-oil and gas strategic infrastructure.

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Second Boeing Jet Starts Return from China, Tracker Shows

FILE PHOTO: A Boeing 737 MAX plane, intended for China's Xiamen Airlines, arrives at King County International Airport after returning from China due to ongoing tariff disputes, in Seattle, Washington, US April 19, 2025. REUTERS/Dan Catchpole/File Photo
FILE PHOTO: A Boeing 737 MAX plane, intended for China's Xiamen Airlines, arrives at King County International Airport after returning from China due to ongoing tariff disputes, in Seattle, Washington, US April 19, 2025. REUTERS/Dan Catchpole/File Photo
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Second Boeing Jet Starts Return from China, Tracker Shows

FILE PHOTO: A Boeing 737 MAX plane, intended for China's Xiamen Airlines, arrives at King County International Airport after returning from China due to ongoing tariff disputes, in Seattle, Washington, US April 19, 2025. REUTERS/Dan Catchpole/File Photo
FILE PHOTO: A Boeing 737 MAX plane, intended for China's Xiamen Airlines, arrives at King County International Airport after returning from China due to ongoing tariff disputes, in Seattle, Washington, US April 19, 2025. REUTERS/Dan Catchpole/File Photo

A second Boeing jet intended for use by a Chinese airline was heading back to the US on Monday, flight tracking data showed, in what appears to be another victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive.
The 737 MAX 8 landed in the US territory of Guam on Monday, after leaving Boeing's Zhoushan completion center near Shanghai, data from flight tracking website AirNav Radar showed.
Guam is one of the stops such flights make on the 5,000-mile (8,000-km) journey across the Pacific between Boeing's US production hub in Seattle and the Zhoushan completion center, where planes are ferried by Boeing for final work and delivery to a Chinese carrier.
On Sunday a 737 MAX painted with the livery for China's Xiamen Airlines made the return journey from Zhoushan and landed at Seattle's Boeing Field.
It is not clear which party made the decision for the two aircraft to return to the US.
Boeing could find a replacement buyer in Malaysia Airlines, however, which has said it was talking to the manufacturer about acquiring jets that may become available should Chinese airlines stop taking deliveries.
Trump this month raised baseline tariffs on Chinese imports to 145%. In retaliation, China has imposed a 125% tariff on US goods. A Chinese airline taking delivery of a Boeing jet could be crippled by the tariffs, given that a new 737 MAX has a market value of around $55 million, according to IBA, an aviation consultancy.
The plane flew from Seattle to Zhoushan just under a month ago.
Boeing did not immediately respond to a request for comment.
The return of the 737 MAX jets, Boeing's best-selling model, is the latest sign of disruption to new aircraft deliveries from a breakdown in the aerospace industry's decades-old duty-free status.
The tariff war and apparent U-turn over deliveries comes as Boeing has been recovering from an almost five-year import freeze on 737 MAX jets and a previous round of trade tensions.
Confusion over changing tariffs could leave many aircraft deliveries in limbo, with some airline CEOs saying they would defer delivery of planes rather than pay duties, analysts say.