TotalEnergies partners with Global Infrastructure Partners (GIP) for African oil and gas midstream assets

Type: Partnership · Technology: Oil Gas · Country: Africa · Value: $1.8B · Announced: 2026-09-18

TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), a part of BlackRock, relating to TotalEnergies' interests in oil and gas infrastructure assets in Africa. In exchange for a $1.8 billion capital contribution, TotalEnergies will pay GIP a throughput-based tariff throughout a period of up to 15 years. The deal crystallizes the value of TotalEnergies' midstream infrastructure assets in Africa, strengthening the relationship between the two companies. Jean-Pierre Sbraire, CFO of TotalEnergies, stated the agreement highlights the value of the assets being transferred.

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