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.
Recommended Reading
Quorum Software, Schlumberger Team Up for Planning and Economics Solutions
2022-07-05 - The integrated solution will be offered directly by Schlumberger with Planning Space as its petroleum economics engine.
Schlumberger, Subsea 7 Renew Global Subsea Integration Alliance
2022-06-10 - Schlumberger and Subsea 7 have signed an agreement to continue their partnership, Subsea Integration Alliance, for another seven years.
IndustryVoice: How ComboCurve Cured One Producer’s Forecasting Woes
2022-06-27 - For one large independent operator in the Permian Basin, a new software solution replaced its beloved in-house applications, and the results exceeded expectations.
Norwegian Software Venture Targets Rising Cyberattack Risks
2022-05-25 - Industrial facilities, control systems, oil pipelines, supply chains, power grids and healthcare are key targets, Brekke and the CEOs of Aker ASA and Cognite told the Reuters Global Markets Forum in Davos this week.
Hunting Launches New Technology for Well Plug and Abandon Operations
2022-06-07 - Hunting Energy Services released a new line of circulating shaped charges to improve well P&A operations, the KnockOut 360° system.