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LNG - Brookfield Wants to Buy Blackstone's 41% Stake in Cheniere Energy Partners
Cheniere Energy Inc.
Alternative asset manager Brookfield Asset Management(NYSE: BAM) is reportedly negotiating with Blackstone Group(NYSE: BK), a private equity investment firm, to acquire its 41.2% stake in Cheniere Energy Partners(NYSEMKT: CQP). The position is worth an estimated $7.8 billion.
Cheniere Energy Partners operates the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana on the coast of the Gulf of Mexico. It is a master limited partnership that is a subsidiary of the country's largest LNG producer, Cheniere Energy(NYSEMKT: LNG).