The Aberdeen Standard Investments infrastructure team has made a second investment in a gas pipeline and processing system. The team has acquired the InfraVia Capital Partners Managed Fund\u2019s 20% interest in Noordgastransport (NGT) B.V., the owner of a pipeline and processing plant
\ntransporting and treating natural gas that is principally produced from the Dutch Continental Shelf.<\/p>\n
The entire NGT system, which is operated by Neptune Energy, incorporates a 178km 36\u201d pipeline
\nconstructed in 1975, a 140km 36\u201d pipeline constructed in 1999 and a processing plant located onshore
\nat Uithuizen. The system connects approximately 75 platforms of different operators to the processing
\nfacility.<\/p>\n
After treatment, the gas is delivered to the pipeline network of Gas Transport Services, which manages
\nthe national gas transportation network. In total, NGT manages approximately 470km of pipelines, and
\nis the longest established system in the Dutch North Sea, benefitting also from the largest catchment
\narea offering a diversified portfolio of gas fields in production and development.<\/p>\n
The acquisition has been funded through SL Capital Infrastructure I LP Fund (SLCI I). SLCI I is focused
\non investing in core infrastructure assets in Europe, and already holds six other investments including
\na stake in the NGT extension pipeline, hydro-electric plants in Norway, a gas distribution business in
\nFinland, and new trains across the UK.<\/p>\n
Dominic Helmsley, Head of Economic Infrastructure, Aberdeen Standard Investments said: Vincent L\u00e9vita, CEO, InfraVia Capital Partners said: The Aberdeen Standard Investments infrastructure team has made a second investment in a gas pipeline and processing system. The team has acquired the InfraVia Capital Partners Managed Fund\u2019s 20% interest in Noordgastransport (NGT) B.V…<\/p>\n","protected":false},"author":20,"featured_media":71360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,1437,2007,2139],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/71362"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=71362"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/71362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/71360"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=71362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=71362"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=71362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cThis second stake in the NGT pipeline system follows our strategy to develop a strong presence in the
\nEuropean gas and midstream sector. The investment provides us with exposure to a greater number
\nof gas fields, therefore diversifying cash flows for investors in our infrastructure fund. We will continue
\nto work closely with the other shareholders and management team for the pipeline system, to deliver
\nnatural gas onshore in a safe and reliable manner.\u201d<\/em><\/p>\n
\n\u201cSince we acquired the 20% stake in NGT from Engie in 2014, the company has been performing well
\nand has been providing high quality infrastructure to the North Sea gas producers. We believe that with
\nthe recent development activity in the North Sea and the quality of its infrastructure, NGT will continue
\nto play a critical role in the Dutch gas industry\u201d.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"