TotalEnergies, BlackRock GIP Sign $1.8B Deal for African Oil and Gas Infrastructure

TotalEnergies and BlackRock's Global Infrastructure Partners signed a $1.8B capital contribution agreement for African oil and gas infrastructure assets, with TotalEnergies paying a throughput-based tariff over up to 15 years. Specific assets are undisclosed, creating uncertainty about scope. The deal signals continued institutional investment in African hydrocarbons despite energy-transition pressures.