Days after Abu Dhabi’s sovereign wealth fund bought a 5.1% stake in Cheniere Energy, a major stakeholder is selling 42% of its stake.
U.S.-based private equity firm Blackstone Group has announced that it has completed the sale of its stake in Cheniere Energy Partners to Brookfield Infrastructure and funds managed by Blackstone Infrastructure Partners in a deal valued at $7 billion.
The private equity firm noted sale represents the ‘culmination’ of Blackstone Energy Partners’ involvement with Cheniere.
In 2012, Blackstone Energy invested $1.5 billion in Cheniere Energy Partners to build the Sabine Pass LNG facility in Calcasieu Parish. Houston-based Cheniere Energy is the largest U.S. exporter of liquefied natural gas.