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Global Infrastructure Partners Purchases Stake in Freeport LNG

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.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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