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blackstone-credit-acquires-49-stake-in-us-east-coast-lng-firm
blackstone-credit-acquires-49-stake-in-us-east-coast-lng-firm

Blackstone Credit acquires 49% stake in US East Coast LNG firm

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Blackstone Credit has acquired EIG’s 49% ownership stake in Elba Liquefaction Company (ELC), a joint venture entity of the Elba Island LNG facility.

Located in Savannah, Georgia, ELC is an LNG liquefaction facility, comprised of 10 movable modular liquefaction units, with a nameplate capacity of approximately 2.5 million tonnes per annum of LNG for export.

ELC began full commercial operations in August 202 and has since been generating stable cash flow under a 20-year contract.

Kinder Morgan remains the operator and retains its 51% ownership of ELC.

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