CIC, GIC jointly invest $1bln in Cheniere's LNG plant - source
HONG KONG |
HONG KONG Aug 21 (Reuters) - China sovereign fund CIC and Government of Singapore Investment Corp have invested around $500 million each into U.S.-based Cheniere Energy Partners Ltd's planned liquefied natural gas (LNG) export plant, a source familiar with the matter told Reuters on Tuesday.
Houston-based Cheniere, which has regulatory approval to build the United States' first LNG export plant in a generation, has been seeking funds to start construction.
In May, Singapore state investor Temasek Holdings and Asia-based private equity firm RRJ Capital agreed to invest $468 million in Cheniere Energy.
Private equity firm Blackstone Group LP was one of the early backers of Cheniere, when it agreed to invest $2 billion into the company in February.
The Financial Times, which first reported the investment, said Blackstone advised CIC on the deal.
A CIC spokeswoman declined comment, while Blackstone and GIC were not immediately available for comment. The source declined to be identified as the details of the deal were not public.
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