This episode was produced in partnership with the Adnoc Group From powering AI data centres to ensuring long-term energy security, Adnoc Gas is shaping what reliable, sustainable and scalable energy looks like in the modern era.
'This financing transaction is the latest in a series of ADNOC-led pioneering infrastructure development partnerships that have been executed over the past decade', ADNOC said ... .
Over 20 global and regional financial institutions have facilitated the structured non-recourse financing transaction to monetise midstream assets that are part of its under-construction sour gas production megaproject ... .
The financing facility has been provided by the South Korean government-backed KoreaTradeInsuranceCorporation (K-SURE) for Adnoc to invest in lower carbon projects across its operations ... .
The non-recourse financing transaction, unique for an energy project of this scale and complexity, enables Adnoc to realise upfront value for its products at competitive rates ... Adnoc’s latest financing ...
The transaction marks ADNOC’s first green financing arrangement supported by a Korean export credit agency, underscoring growing financial ties between Abu Dhabi and Seoul in energy and industrial development.
Under the new agreement, ADNOC has signed a $2 billion (Dh7.34 billion) green financing facility backed by KoreaTradeInsuranceCorporation to support lower-carbon projects across its portfolio.
Contractors submitted technical bids earlier in the year for this key project through which the crude refining business of Adnoc Group aims to upgrade and increase its naphtha output ... .