Posted on Jul 15, 2014 in
LNG Exports,
Markets and Competition |
Comments Off on Global Infrastructure Partners Purchases Stake in Freeport LNG
Global Infrastructure Partners (GIP), a U.S. based, independent global infrastructure investor, announced its decision to buy 25% of Freeport LNG Development LP for $850 million from Hastings Funds Management Ltd. of Australia. Freeport LNG is a holding company for the LNG receiving and regasification terminal near Freeport, Texas. The Freeport joint venture received approval last...