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 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 million tons per annum of liquefied natural gas (LNG) for export, which is equivalent to approximately 350 million cubic feet (MMcf) per day of natural gas.
J.P. Morgan Securities LLC acted as exclusive financial advisor and Milbank LLP served as Blackstone Credit’s legal counsel on the transaction.
Read more: Business Wire
