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Blackstone considers selling stake in Cheniere Energy Partners

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LNG Industry,

According to Bloomberg, sources with knowledge of the matter have said that Blackstone Group is considering selling its stake in Cheniere Energy Partners LP – a limited partnership created by Cheniere Energy Inc.

According to Bloomberg, the unnamed sources have said that Blackstone is currently working alongside an advisor on the potential sale, and is seeking a premium for its stake and marketing it to a small pool of infrastructure, pension and sovereign wealth funds.

Reportedly, this comes seven years after Blackstone agreed to invest approximately US$1.5 billion in the company. Blackstone is not under any pressure to sell, however, and may choose to keep the stake. The question of whether to sell reportedly came about as Blackstone received unsolicited interested from potential buyers.

As of 20 February 2019, Blackstone owned 203.4 million common units in the partnership. This is around 58% of the outstanding common units, and was valued at approximately US$8.9 billion based on its unit price at the close of on Monday.

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