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US oil demand is poised for a long-term decline as the world transitions to more sustainable fuels. So what happens when the industry’s supporting infrastructure is no longer needed?
Australian fund manager ICG took ownership of Tas Gas and other utility businesses operated by Enwave in a A$420m deal.
The investment by the Singaporean SWF brings the total invested in the pipelines by the trio and an Abu Dhabi pension to $4.9bn.
cargo ship
Asset manager estimates the subsector could require as much as $4.5trn in financing over the next 10 years as bank lenders exit the market.
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