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>

<< Nov 2019 >>
MTWTFSS
28 29 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 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

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

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

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

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >