Brookfield and Blackstone Infrastructure completed the acquisition of a 42% stake in Cheniere from Blackstone for $7bn.

Brookfield Asset Management and Blackstone Infrastructure Partners completed the acquisition of a 42% stake in Cheniere Energy, a liquefied natural gas company, from Blackstone for $7bn. “Cheniere is grateful for the collaborative and mutually beneficial partnership we have had with Blackstone Energy Partners over the past eight years. Today, Sabine Pass is a world-scale LNG complex, providing flexible, reliable, and cost competitive U.S. LNG to markets worldwide, and I would like to thank David Foley and the Blackstone team for their contributions to Cheniere’s many successes. We still have much to accomplish at Cheniere, and I look forward to working alongside Blackstone Infrastructure Partners and Brookfield Infrastructure Management to achieve our shared goals,” Jack Fusco, Cheniere Chief Executive Officer.