Blackstone credit acquires 49% interest in u.s. east coast lng infrastructure asset

New york--(business wire)--blackstone credit has acquired eig's 49% ownership interest in elba liquefaction company (“elc”), a joint venture entity of the elba island lng facility. kinder morgan (nyse: kmi) will remain as the operator and retain its 51% ownership of elc. elc is an lng liquefaction facility located near savannah, georgia. elc began full commercial operations in august 2020 and is comprised of 10 movable modular liquefaction units with a nameplate capacity of approximately 2.5 mi
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