KKR to acquire a minority stake in the Jefferson County Port Arthur LNG Phase 1 project from Sempra.

KKR, a global investment company, agreed to acquire a minority stake in the Jefferson County Port Arthur LNG Phase 1 project from Sempra, a public utility holding company. Financial terms were not disclosed. "We are pleased to invest in this critical energy infrastructure project and extend our strategic partnership with Sempra and their world-class team. Phase 1 will create new jobs, support American economic growth and deliver reliable and cleaner energy during the global energy transition. Consistent with KKR Infrastructure's strategy of seeking stable and predictable returns for investors, our investment in Phase 1 is backed by robust cash flows through long-term contracts with high-quality counterparties," James Cunningham, KKR Partner.