We are an independent energy infrastructure company that owns and operates critical midstream infrastructure, running it safely and efficiently while maximising return for our shareholders. Our business centres around three core themes:
We nurture and sustain our existing assets and we do this well with the utmost focus on HSE and integrity
We seek to grow our business through new customers, new investments and new assets
We want to facilitate change in the energy industry and are building a new business around Net Zero
Dedicated infrastructure owners like Kellas Midstream are fully invested in maximising throughput, delivering high uptime and extending the life of midstream assets.
We are not in competition with upstream operators. Upstream operators are our customers and focusing on their needs is a business imperative.
We seek ways to collaborate not only with our customers, but with our partners and other stakeholders to increase the volume of gas produced in the North Sea, using innovative models that challenge conventional ways of working.
Our story began in 2014 when Antin Infrastructure Partners invested in the Central Area Transmission System (CATS) via CATS Management Limited, the entity formed to manage Antin's interests in the North Sea. CATS Management set the strategy, delivering safe and efficient operational and financial performance, and growing the business.
Following further investment in the Central and Southern North Sea, and to reflect its growing portfolio, CATS Management rebranded its business to Kellas Midstream.
In only a few years, we have grown significantly – adding the Esmond Transportation System (ETS), and the Humber Gathering System (HGS) to our portfolio; and welcoming new people to our team, whose expertise has added great value to our organisation.
After such success, in early 2020, Antin Infrastructure Partners sold their interest in Kellas Midstream to global investment and asset managers BlackRock and GIC.
About our owners
Kellas Midstream is owned by a consortium of two private equity fund managers, BlackRock and GIC.
Private equity infrastructure investors, such as BlackRock and GIC, have access to different sources of capital, the midstream assets they acquire are core to their portfolio, and they are committed to investing in them to build safe, successful and sustainable businesses.
Kellas is part of BlackRock's Global Energy and Power Infrastructure Funds (GEPIF), which manage $9 billion of investor commitments across three funds (as of September 2021)
BlackRock’s GEPIF Group is part of a wider BlackRock Real Assets platform, which manages about $70 billion of investor commitments (as of September 2021)
BlackRock has 16,500 employees in 69 cities and more than 30 countries around the world
GIC is a leading global investment firm with over US$100 billion invested in multiple asset classes in more than 40 countries
Established in 1981 as a private company, GIC manages Singapore’s foreign reserves and is now one of the largest investment management organisations in the world
With its disciplined long-term value approach, GIC is uniquely positioned to invest in both the public and private markets, including equities, fixed income, real estate, private equity and infrastructure
GIC employs over 1,500 people across offices in Singapore, Beijing, London, Mumbai, New York, San Francisco, Sao Paulo, Seoul, Shanghai, and Tokyo
Kellas Midstream Limited
7th Floor, The Silver Fin Building
455 Union St