• Global Infrastructure Partners Purchases Stake in Freeport LNG
  • July 18, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • 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.