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KKR: Sempra sales of a 42% of Port Arthur LNG Phase 1
(CercleFinance.com) - Sempra Infrastructure, a subsidiary of Sempra, announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.
The transaction results in Sempra Infrastructure retaining a controlling 28% indirect interest in Phase 1 at the project level, and ConocoPhillips owning the remaining 30% interest. “Port Arthur LNG Phase 1 has continued its strong momentum and is on track to meet its objectives of helping to deliver energy security, economic growth and a near-term supply of reliable and cleaner energy.” said James Cunningham, Partner at KKR. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
08/12/2023 17:58
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