Azerbaijan’s SOFAZ invests $50 mln in ADNOC gas pipelines via Lunate fund

 Azerbaijan’s sovereign wealth fund, the State Oil Fund of the Republic of Azerbaijan (SOFAZ), has invested USD 50 million in ADNOC Gas Pipeline Assets LLC (AGPA) through a specialised vehicle managed by Abu-Dhabi-based alternative investment firm Lunate Capital, the parties said on Thursday.

SOFAZ said the purchase fits its strategy of diversifying into long-duration, income-generating infrastructure while deepening exposure to the Gulf Cooperation Council region. With assets above USD 60 billion, the fund holds bonds, equities, gold, property and infrastructure worldwide.

AGPA operates 38 ADNOC pipelines totalling 982 km. Revenues are backed by a long-term throughput agreement that guarantees stable cash flows, according to the company.

“AGPA offers strategic, high-quality infrastructure and attractive long-term returns,” said SOFAZ investment director Farhad Zeynalov.

Lunate partner Nabel Qadir said the deal “highlights our ability to deliver bespoke, high-yielding solutions across global and local markets”.

AGPA has maintained resilient financial metrics despite recent energy-market volatility. Further commercial details were not disclosed.

N.Tebrizli