China's CIC, Singapore's GIC Invest in Cheniere's LNG Plant
China sovereign fund CIC and Government of Singapore Investment Corp have invested around $500 million each into U.S.-based Cheniere Energy Partners Ltd's planned liquefied natural gas (LNG) export plant, Reuters has reported.
Houston-based Cheniere, which has regulatory approval to build the United States' first LNG export plant in a generation, has been seeking funds to start construction. Earlier this year, Singapore state investor Temasek Holdings and Asia-based private equity firm RRJ Capital agreed to invest $468 million in Cheniere Energy.
Private equity firm Blackstone Group LP was one of the early backers of Cheniere, when it agreed to invest $2 billion into the company in February.