Blackstone Credit has acquired EIG’s 49% ownership stake in Elba Liquefaction Company (ELC), a joint venture entity of the Elba Island LNG facility.
Located in Savannah, Georgia, ELC is an LNG liquefaction facility, comprised of 10 movable modular liquefaction units, with a nameplate capacity of approximately 2.5 million tonnes per annum of LNG for export.
ELC began full commercial operations in August 202 and has since been generating stable cash flow under a 20-year contract.
Kinder Morgan remains the operator and retains its 51% ownership of ELC.
... to continue reading you must be subscribed
