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Global Infrastructure Partners Purchases Stake in Freeport LNG




by:
Sutherland Asbill Brennan LLP - Washington Office

 
July 18, 2014

Previously published on July 15, 2014

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 year from the U.S. Department of Energy to export LNG ahead of a final decision by FERC.

 

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