Eig and Saudi Aramco signed a memorandum of understanding to expand energy cooperation

Both sides will explore investment in advanced technology

A leading institutional investor in the global energy and infrastructure sector EIG Announced today , Has worked with Saudi Aramco （Aramco, abbreviation “ Saudi Aramco ”） Signed a memorandum of understanding on cooperation in future energy projects (“MoU”).

According to the terms of this MOU , Both sides will seek investment opportunities in projects to promote common sustainable development goals ; These projects include existing and new technologies , Such as alternative fuels 、 Carbon capture 、 Hydrogen and natural gas 、 Transportation and energy storage .

EIG Chairman and CEO R. Blair Thomas Express ：“ With the growth of global energy demand ,EIG Committed to balancing decarburization and reliability . So , We are glad to have the opportunity to cooperate with industry leaders like Saudi Aramco on the road of decarbonization in the energy industry . We are honored to be an existing partner of Saudi Aramco in the key infrastructure of the energy complex . We look forward to establishing such a cooperative relationship , Because it is related to the future development of our industry .”

EIG Environmental Science 、 Social and corporate governance (ESG) director Emily Rodgers Express ：“ This memorandum of understanding contains an important step in the global effort to combat climate change . We look forward to cooperating with Saudi Aramco , Make tangible improvements in providing affordable and reliable clean energy solutions to people around the world .”

Senior vice president of Saudi Aramco enterprise development Abdulaziz M. Al-Gudaimi Express ：“ This memorandum of understanding further strengthens our relationship with EIG The relationship between , And it is possible to promote new investment in low emission energy solutions . This will contribute to economic growth , It also contributes to the broader energy transformation .”

Before signing the mou , Saudi Aramco and EIG The leading international consortium successfully reached the 124 Billion dollar infrastructure investment agreement , Involves leasing and leaseback of oil pipeline infrastructure from Saudi Aramco .

About EIG

EIG Is a leading institutional investor in the global energy and infrastructure sector , By 2022 year 3 month 31 Japan , Its management funds amount to 250 Billion dollars .EIG Focus on private investment in energy and energy related infrastructure on a global scale . In its 40 In the history of ,EIG Through six continents 38 More than 380 A project or company , More than... Have been invested in the energy sector 401 Billion dollars .EIG Our customers include the United States 、 Many leading pension schemes in Asia and Europe 、 The insurance company 、 Endowments 、 Foundations and sovereign wealth funds .EIG Is headquartered in Washington, D.C , And in Houston 、 London 、 Sydney 、 Rio de Janeiro 、 Hong Kong and Seoul have offices .