Houston-based Cheniere has grabbed its share of headlines recently and the latest is a doozy. First came the announcement earlier this month that Abu Dhabi Investment Authority (ADIA) had scooped up a 5.1% stake in the company valued at $615 million. The deal made ADIA Cheniere’s third-largest investor right behind Icahn Associates Holding with 8.25%. But not so fast, fellas. There’s a new kid in town and this one’s a chunk. After musing last year that it would “entertain serious offers” for a 41.2% stake in the LNG heavyweight, private equity firm Blackstone Energy Partners has officially handed over the car keys to Brookfield Asset Management. The position is valued at $7.8 billion. Blackstone invested a mere $1.5 billion in Cheniere eight years ago. Somewhere, Blackstone’s institutional investors must be weeping with joy while Brookfield bets big on a return to pre-COVID demand for LNG exports.
Cheniere Energy, Inc. is a liquefied natural gas company headquartered in Houston, Texas. In February 2016 it became the first US company to export liquefied natural gas. As of 2018 it is a Fortune 500 company.