Global Infrastructure Partners Announces Agreement to Sell Interest in Freeport LNG to JERA Americas for $2.5 billion
Global Infrastructure Partners (GIP), a leading independent infrastructure investor, announced today an agreement to sell its 25.7% interest in Freeport LNG Development, L.P. (Freeport) to JERA Americas Inc. for US$2.5 billion, subject to customary purchase price adjustments.
- Global Infrastructure Partners (GIP), a leading independent infrastructure investor, announced today an agreement to sell its 25.7% interest in Freeport LNG Development, L.P. (Freeport) to JERA Americas Inc. for US$2.5 billion, subject to customary purchase price adjustments.
- (Photo: Freeport LNG)
JERA Americas Inc. (JERA Americas) is the U.S.-based subsidiary of global energy leader JERA Co., Inc. (JERA), the worlds largest buyer of liquefied natural gas (LNG). - JERA, through its subsidiaries, owns 25% of Freeport LNG Train 1 and purchases and transports 2.32 mtpa of LNG for use in Japan and other LNG importing countries.
- Global Infrastructure Partners is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses.