據油價網3月7日消息稱，全球對石油和天然氣相關資產的興趣仍然很高，甚至可能比以往任何時候都高。阿布扎比國家石油公司ADNOC在一份聲明中表示，該公司已通過天然氣業務的首次公開募股籌集了25億美元。到目前為止，這是2023年最大的一次上市，表明中東，尤其是阿聯酋、卡塔爾和沙特阿拉伯成為國際金融的焦點。ADNOC還重申，此次IPO獲得了50倍的超額認購，因為投資者已經收到了價值超過1240億美元的訂單，認購了ADNOC Gas的5%股份。作為ADNOC Gas的母公司，國家石油公司將每股2.37迪拉姆(0.65美元)的價格定在2.25至2.43迪拉姆之間。按照這個價格區間，ADNOC Gas的價值約為500億美元，與美國石油和天然氣公司西方石油公司的價值相同。投資者對ADNOC天然氣興趣極高的主要市場驅動因素是全球能源危機，其中很大一部分是與天然氣市場相關的。

對于ADNOC Gas來說，天然氣供應緊張反映在其2021—2022財年的財務數據中，該數據顯示，截至2022年10月的前12個月里，其收入達到創紀錄的87億美元。即使在較低的價格下，全球天然氣需求預計也將強勁，價格預計至少在2026年之前都將保持高位。ADNOC Gas和其他公司已經投資了數十億美元，以滿足未來的預期需求。ADNOC Gas股份預計將于3月13日開始交易。

上周，由于投資者的巨大興趣，ADNOC Gas將其發行規模增加了25%。高能源價格和未來幾年非常樂觀的前景預計將產生大量現金流，未來幾年該地區有望出現新的天然氣相關IPO。ADNOC Gas的IPO是迄今為止阿布扎比融資中最成功的一次。散戶投資者認購了230億美元(超額認購58倍)。但主要投資者是機構投資者，其中包括與阿布扎比政府有關聯的公司，它們承諾在IPO中購買8.5億美元的股票，如Alpha Dhabi和國際控股(International Holding)。就在IPO之前，ADNOC Gas 5%的股份被轉讓給了阿布扎比國有電力公司TAQA。

ADNOC Gas將專注于收獲阿布扎比天然氣儲量的回報，阿布扎比擁有世界第七大天然氣儲量，其目標是將液化天然氣出口增加兩倍，達到每年1500萬噸。

預計未來幾個月將有更多與IPO相關的消息，因為該地區的其他各方將一直在關注結果和投資者對碳氫化合物相關資產的興趣。毫無疑問，卡塔爾將重新評估其選擇，因為世界上最大的天然氣出口國正在尋求保持其主導地位。其液化天然氣相關公司的任何額外股票銷售都將對該國產生重大推動作用。北非天然氣生產國埃及也可能考慮公開募股。為了重振經濟，埃及政府可能正在評估一種選擇，即公開提供快速增長的液化天然氣行業的股份，以獲得一些額外的現金，而不需要向阿拉伯生產商尋求新的資金支持。

曹海斌 摘譯自 油價網

原文如下：

Expect More Oil And Gas IPOs In The Middle East

Global interest in oil and natural gas related assets is still high, maybe even higher than ever before. In a statement made by Abu Dhabi’s national oil company ADNOC, the company stated that it had raised $2.5 billion from the initial public offering of its gas business. Until now, this is the biggest listing of 2023, showing that the Middle East, especially the UAE, Qatar and Saudi Arabia, are in the spotlights of international finance. ADNOC also reiterated that the IPO has been 50X oversubscribed, as more than $124 billion worth of orders by investors have been received for the 5% stake in ADNOC Gas. The national oil company, which is the parent of ADNOC Gas, has priced the shares at 2.37 dirhams ($0.65) each after offering a range from 2.25 to 2.43 dirhams. With this price range, the value of ADNOC Gas is set at around $50 billion, the same value as U.S. oil and gas company Occidental Petroleum. The main driver behind the extremely high interest in ADNOC Gas is the global energy crunch, a big part of which is the gas market related.

For ADNOC Gas, the gas supply crunch is reflected in its financial figures for FY2021-2022, which show record earnings of $8.7 billion in the 12 months through October. Even at lower prices, global gas demand is expected to be strong, and prices are expected to remain elevated for at least until 2026. ADNOC Gas and others have been investing billions of dollars to keep up with expected demand in the future. The ADNOC Gas shares are expected to start trading on March 13.

The last week, due to the large interest of investors, ADNOC increased its offering size by 25%. High energy prices and a very positive outlook for the next years are expected to generate high cash flow, and new gas-related IPOs can be expected in the region in the next few years. The ADNOC Gas IPO is the most successful of the Abu Dhabi giant until now. Retail investors put orders in for $23 billion (58X oversubscribed). But the main investors are institutional investors, including Abu Dhabi state-linked firms, which committed to buy $850 million of stock in the IPO, such as Alpha Dhabi and International Holding. Just before the IPO, 5% of ADNOC Gas was transferred to TAQA, the state-owned power company of Abu Dhabi.

ADNOC Gas will be focusing on reaping the rewards of Abu Dhabi’s gas reserves, which are the world’s 7th largest, as it targets to triple its LNG exports to 15 million tons per year.

More IPO-related news can be expected in the next few months as other parties in the region will have been looking at the results and appetite of investors for hydrocarbon-related assets. Without any question, Qatar will be reassessing its options, as the world’s largest gas exporter is looking to retain its dominant role. Any additional share sales of its LNG-related companies would be a major boost for the country. North African gas producer Egypt may also consider public offerings. In order to reinvigorate its economy, Cairo could be assessing the option of publicly offering a stake in its fast-growing LNG industry to reap some additional cash without needing to ask Arab producers for a new tranche of financial support.