CIC and Singapore’s GIC Invest in Cheniere Energy’s Export LNG Plant

Energy assets are of increasing importance to Asian sovereign investors. There is Asian demand for liquefied natural gas. The China Investment Corporation (CIC), Blackstone Group LP, Government of Singapore Investment Corporation (GIC), and the Louisiana Teachers Retirement System invested a total of US$ 1.5 billion in Cheniere Energy Partners’ export liquefied natural gas (LNG) plant. The CIC and GIC each invested around US$ 500 million in the deal. By partnering with a state public investor and a private equity firm, sovereign funds can lower political risk in a deal. The China Investment Corporation has been an early investor in the Blackstone Group before it had its initial public offering. The relationship has allowed the CIC to access unique investment opportunities due to Blackstone’s reach and influence.

Cheniere Energy Partners is launching the first LNG export terminal in the continental United States.

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