1. BXCI leads a $7 billion investment in Port Arthur LNG Phase 2. 2. BXCI acquires 49.9% stake, while Sempra maintains majority at 50.1%. 3. Investment addresses global energy demand, enhancing energy security. 4. BX emphasizes capital solutions for top corporations. 5. Sempra and BXCI's partnership signifies strong commitment to infrastructure growth.
This significant investment could enhance BX's revenue streams from growing energy demand, similar to prior successful energy sector investments.
The partnership and investment could significantly bolster BX's position in the energy sector, influencing future performance.
The strategic investment is expected to yield returns over several years as the LNG project progresses.
Blackstone Credit & Insurance ("BXCI") is leading a $7 billion investment in Sempra Infrastructure Partners' Port Arthur LNG Phase 2.
Funds managed by BXCI, together with an investor consortium, have acquired a 49.9% minority equity interest in the project. Sempra Infrastructure Partners has retained a 50.1% majority stake.
"We are proud to partner with Sempra Infrastructure on this critical project which will help address rising global energy demands," said Rick Campbell, Senior Managing Director, Blackstone Credit & Insurance. "The partnership highlights Blackstone's focus on providing large scale and flexible high-grade capital solutions to the world's leading corporations."
"This investment led by Blackstone Credit & Insurance represents an important step forward in the advancement of Port Arthur LNG Phase 2," said Faisel Khan, Senior Vice President and Chief Financial Officer, Sempra Infrastructure. "We recognize the strength of this distinguished group of investors who share our commitment to delivering reliable energy to global markets. This milestone reflects the strength of our team and our strategy to build world-class infrastructure that supports energy security and economic growth."
Additional details on Sempra Infrastructure Partners' Final Investment Decision on Port Arthur LNG Phase 2 and related announcements are available here: https://www.sempra.com/newsroom/press-releases/sempra-announces-strategic-transactions-advancing-goal-building-leading-us.
Morgan Stanley & Co. LLC acted as financial advisor and Milbank LLP acted as legal counsel to BXCI.
About Blackstone Credit & Insurance
Blackstone Credit & Insurance ("BXCI") is one of the world's leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250923713514/en/
Thomas Clements
Thomas.clements@blackstone.com
646 482 6088