UAE Investment Firm Buys U.S. Midstream Gas Assets for $2.25 Billion

2PointZero, an Abu Dhabi-based investment company focused on energy infrastructure, has signed a deal to buy 100% in U.S. firm Traverse Midstream Partners, owner of minority stakes in natural gas pipelines, for $2.25 billion.

2PointZero, led by Sheikh Tahnoon bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi, entered in the deal through its subsidiary E Point Zero Holding RSC LTD, 2PointZero said in a statement to the Abu Dhabi Securities Exchange.

The agreement – subject to regulatory clearance – is yet another investment from the Middle East in U.S. energy assets as companies from the Arab Gulf continue their deal-making abroad even amid the war. Read more