$22B
Lukoil foreign assets in Carlyle deal
Today's Menu
Lukoil sells ~$22B in foreign assets to Carlyle
Voyager Ventures closes $275M Fund II
Fidelis & 8090 launch AIP Corp
Meta & Corning ink up to $6B fiber deal
TotalEnergies restarts $20B Mozambique LNG
Digital Edge commits $4.5B to Indonesia AI campus
NextEra targets 15GW for data center hubs
Redwood Materials closes $425M Series E
TotalEnergies signs 800GWh PPA with SWM
Baker Hughes & Wabash clean ammonia project
Microsoft turns on 1GW data center capacity
Blackstone acquires Arlington portfolio for $1B+
Jupiter Power secures $500M credit facility
Lead Story
Carlyle beats out other rumored suitors (Chevron and Quantum)
Lukoil has agreed to sell most of its foreign assets to Carlyle Group, in one of the largest sanctions-era energy divestments to date. The deal, announced Thursday, covers LUKOIL International GmbH — which holds upstream/downstream assets across Europe, the Middle East, Africa, and Mexico — and remains subject to OFAC approval.
• Size: Analysts estimate the package at ~$22B, mega-deal territory for sanctions-era divestments.
• Scope: Lukoil's non-Russian assets (mix of upstream/downstream); Kazakhstan stakes excluded.
• Risk: OFAC approval and Feb 28 Treasury deadline will determine timing.
The Headlines
VC
• Firm now manages $475M across North America and Europe; targets energy, critical materials, advanced manufacturing, and physical AI.
AI Infra
• Platform to develop AI infra + power microgrids; flagship Monarch Compute Campus in West Virginia; backed by LuminArx.
Data Centers
• Multi-year agreement through 2030; covers optical cable + connectivity for Meta's expanding AI data center footprint.
LNG
• Cabo Delgado LNG relaunch after years of force majeure tied to security concerns.
• First LNG targeted for 2029.
Data Centers
• Planned as Indonesia's largest data center; Stonepeak-backed platform expanding APAC footprint.
Power
• Major renewables + storage push to power AI infrastructure across U.S.
Storage
• JB Straubel's battery recycler valued at $6B; pivoting to energy storage for AI data centers.
Sunya Stories
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AI and Power with Shanu Mathew
Senior VP at Lazard on AI models, data centers, and power constraints.
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Disclaimer: Not financial advice. This newsletter is for education + entertainment — not a recommendation or a solicitation to buy or sell anything. Do your own research and make your own calls (and talk to a pro when it matters).
