Blackstone completes sale of 42% stake in Cheniere Energy Partners

first_imgBlackstone Energy Partners invested $1.5bn in 2012 in Cheniere Energy Partners to construct the Sabine Pass LNG facility US-based asset management company Blackstone Group has completed the sale of about 42% stake in Cheniere Energy Partners to Brookfield Infrastructure and its own affiliated company for $7bn.Cheniere Energy Partners is a limited partnership formed by a liquefied natural gas (LNG) producer Cheniere Energy.The completion of the deal follows an announcement made last month to sell stake in Cheniere Energy’s limited partnership.Blackstone’s energy-focused private equity business, Blackstone Energy Partners along with its affiliates provided $1.5bn in 2012 to Cheniere Energy Partners to construct the first two liquefaction trains at the Sabine Pass LNG facility in Louisiana.Located in Cameron Parish, Louisiana, US, the LNG facility currently has five fully operational liquefaction trains, with each having a capacity of approximately 5mtpa.Upon commissioning of the sixth train, the Sabine Pass facility will have a production capacity of approximately 30mtpa.Sabine Pass is the first LNG export facility in the lower 48 states in USAccording to Blackstone, Sabine Pass was the first LNG export facility in the lower 48 states in the US and provides a critical connection between the gas producers in North America and the growing international LNG demand centres.Cheniere CEO Jack Fusco said: “Cheniere is grateful for the collaborative and mutually beneficial partnership we have had with Blackstone Energy Partners over the past eight years.“Today, Sabine Pass is a world-scale LNG complex, providing flexible, reliable, and cost competitive U.S. LNG to markets worldwide, and I would like to thank David Foley and the Blackstone team for their contributions to Cheniere’s many successes.“We still have much to accomplish at Cheniere, and I look forward to working alongside Blackstone Infrastructure Partners and Brookfield Infrastructure Management to achieve our shared goals.” Blackstone completes sale of 42% stake in Cheniere Energy Partners. (Credit: Gerd Altmann from Pixabay.) last_img read more

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McDonald’s leads way

first_imgSkills council Improve hopes the wave of publicity surrounding the new McDonald’s qualification, which is equivalent to an A-level, will encourage more bakery employers to introduce nationally recognised in-house training. See 1 Feb British Bakerlast_img

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Ex-goalkeeper needs N5m for heart surgery

first_img Read Also: Maduka Okoye begins training with Sparta Rotterdam “So, I need the financial assistance of all Nigerians so that I can come out of this sickness and live a normal life again. Please, I need help,” he said. Obiako who is presently admitted at the Heartland Cardiovascular Consultant Hospital in Abuja was coach of the state’s football team before his retirement. FacebookTwitterWhatsAppEmail分享 Loading… Paul Obiako, a former national goalkeeper and retired football coach, is now looking for five million Naira in order to undergo heart surgery. Obiako, a member of the Christ the King Church (CKC) team which won the 1977 World Schools Football competition in Dublin, Ireland said he was in need of financial assistance. “The ailment was first diagnosed in 2015, but it was mildly treated then,” he told the News Agency of Nigeria (NAN) in Awka.“I managed it until 2020 when it deteriorated and I became increasingly weak.’’ Obiako, who played for Rangers International FC of Enugu between 1979 and 1989, said he now needed surgery to correct the problem: “The surgery needed to correct the heart enlargement requires a sum of five million Naira which I cannot afford, having retired from active service.Advertisementcenter_img Promoted Content6 Ridiculous Health Myths That Are Actually TrueWho Is The Most Powerful Woman On Earth?10 Gorgeous Bollywood Divas Who Earn A Lot7 Mind-Boggling Facts About Black HolesThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Stargazing Locations To ‘Connect With Nature’Top Tastiest Foods From All Over The World6 Incredibly Strange Facts About HurricanesBirds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Models Of Paintings Whom The Artists Were Madly In Love WithPlaying Games For Hours Can Do This To Your Bodylast_img read more

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GINSENG gives one year sponsorship boost to Team Evolution

first_imgANSA McAl Trading under their GINSENG brand on Friday last announced that it has renewed its sponsorship of Team Evolution and will be partnering with the club for another year.This agreement will see GINSENG, a carbonated flavoured beverage with natural ginseng fruit, lending support to Guyana’s leading cycling club until March 2018.GINSENG Brand Coordinator, Sean Abel, said, “GINSENG looks forward to building a winning partnership with Team Evolution in the coming year. These cyclists make up a group that is energetic, health conscious and victorious;which makes them a perfect combination for GINSENG.“This beverage is known for its herbal benefits that enhance the performance of the human body, and for these cyclists the product helps as a fatigue fighter as well as a muscle relaxer,”Abel added.President of Team Evolution, Keith Fernandes, pointed out that the top cycling club includes a number of talented senior and veteran cyclists who are passionate about the sport.”I would like to thank GINSENG for their support and for recognising our talent and supporting our passion. We are very honoured to be able to represent GINSENG and I can assure you that we will carry the name with pride.”last_img read more

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