GIP buys 25 pct interest in Freeport LNG

GIP buys 25 pct interest in Freeport LNG

Global Infrastructure Partners announced the purchase of an equity interest in Freeport LNG Development by its second fund Global Infrastructure II, anticipated at 25%.

Sellers, the consortium of institutional investors managed by Hastings Funds Management, Inc. and Zachry American Infrastructure, have no further ownership in Freeport LNG.

The purchase price for the transaction is $850 million, subject to certain milestones and purchase price adjustments.

Freeport LNG is developing a three-train liquefied natural gas (LNG) export facility at its existing LNG receiving and regasification facility on Quintana Island, near Freeport, Texas. The transaction is expected to close in the fourth quarter of 2014 (following financial closing for Trains 1 and 2 of the Freeport LNG facility).

Press Release, July 15, 2014; Image: Freeport LNG

Share this article

Follow LNG World News

One thought on “GIP buys 25 pct interest in Freeport LNG”

  1. Pingback: Gregory

Comments are closed.

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >