Blackstone-led Consortium Acquires 49.9% Stake in LNG Canada from Mitsubishi Corp.
A consortium led by Blackstone (BX) has reached an agreement to acquire a 49.9% stake in the liquefaction business of LNG Canada. The transaction, valued at approximately $3.1 billion, involves purchasing the interest from a subsidiary of Mitsubishi Corp. (MSBHF). The deal represents a significant shift in the ownership structure of one of Canada's major liquefied natural gas projects. This capital injection and change in partnership underscore continued investor confidence in North American energy infrastructure and the global demand for LNG supply chains.
Topics: Energy Infrastructure Liquefaction Business LNG Canada Private Equity