Blackstone Credit & Insurance (BXCI) is spearheading a $7 billion investment in the Phase 2 expansion of Sempra Infrastructure Partners’ Port Arthur LNG project.
BXCI-managed funds, along with a consortium of investors, have acquired a 49.9% minority equity stake, while Sempra Infrastructure Partners retains a 50.1% majority ownership.
“We are proud to partner with Sempra Infrastructure on this critical project which will help address rising global energy demands,”
said Rick Campbell, Senior Managing Director, Blackstone Credit & Insurance.
“The partnership highlights Blackstone’s focus on providing large scale and flexible high-grade capital solutions to the world’s leading corporations.”
“This investment led by Blackstone Credit & Insurance represents an important step forward in the advancement of Port Arthur LNG Phase 2,”
said Faisel Khan, Senior Vice President and Chief Financial Officer, Sempra Infrastructure.
“We recognize the strength of this distinguished group of investors who share our commitment to delivering reliable energy to global markets. This milestone reflects the strength of our team and our strategy to build world-class infrastructure that supports energy security and economic growth.”