Blackstone Inc.’s credit investment unit said on May 20 it has bought a 49% stake in an LNG facility in Georgia from private equity firm EIG Global Energy Partners.
The deal, whose terms were not disclosed, comes at a time of red-hot demand for U.S. LNG as Western sanctions on Russian fuel squeeze supply.
U.S. pipeline operator Kinder Morgan Inc. will continue holding the remaining 51% of Elba Liquefaction Co.
The facility has the capacity to liquefy about 2.5 million tons of LNG per year for export, Blackstone Credit said in a statement.
2022-12-02 - An ease into the energy transition was at the forefront of Woodside’s 2022 investor briefing.
2022-12-02 - EU countries have wrangled for days over the details of the price cap, which aims to slash Russia’s income from selling oil, while preventing a spike in global oil prices after an EU embargo on Russian crude takes effect on Dec. 5.
2022-12-01 - Global manufacturing company INEOS inked a 20-year contract to source 1.4 mtpa of LNG from Phase 1 of Sempra Infrastructure’s Port Arthur LNG facility under development in Texas and an HOA for an additional 0.2 mtpa from Phase 2.
2022-12-01 - TC Energy announced a C$12 billion expansion program in 2019, which includes Alberta's NOVA Gas Transmission Ltd. pipeline system.
2022-12-01 - The EU is currently debating a $65/bbl-$70/bbl price cap on Russian oil.