(EnergyAsia, November 18 2011, Friday) — EIG Global Energy Partners (EIG) said it will be opening an office in Hong Kong, its fifth, in early 2012.
EIG said the new office will position it to take advantage of opportunities for investments in energy, resources and related infrastructure fuelled by demand growth in Asia. It will relocate two employees to Hong Kong from its Washington, DC headquarters, with plans on making a number of local hires.
The new office will focus on deal origination and execution for EIG’s business of making private investments in energy, resources and related infrastructure companies and projects on a global basis.
CEO R. Blair Thomas, said:
“Non-OECD countries are projected to account for 90% of the growth in global energy demand by 2035. Some estimates place the total investment required to meet this increased global demand at nearly $40 trillion.
“EIG has been cultivating partnerships and investing in emerging markets for nearly two decades and a physical presence in Hong Kong is a natural evolution for EIG’s global platform. We are also fortunate to have significant client relationships in the region that we can better serve from Hong Kong.”
EIG Global Energy Partners is a leading institutional investor to the global energy sector with US$9.2 billion under management as of end-September 30, 2011.