KKR acquires 42% stake in Sempra Infrastructure’s Port Arthur LNG Phase 1


Sempra Infrastructure has sold a 42% indirect, non-controlling interest in its Texas-based Port Arthur LNG Phase 1 project to global investment company KKR.

Post-transaction, Sempra Infrastructure retains a controlling 28% indirect interest in Phase 1 at the project level, KKR has a 42% interest, and ConocoPhillips owns the remaining 30% interest.

Read more: ConocoPhillips signs LNG purchase deal with Sempra

Justin Bird, CEO of Sempra Infrastructure, said the closing of the transaction continues the positive momentum of the Port Arthur LNG facility and highlights the company’s ability to access capital to support the growth of its infrastructure business.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...