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- September 2012: Vol. 5, Number 8

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GIC and CIC Invest $1 Billion in U.S. LNG Export Plant

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A consortium of the China Investment Corp. (CIC), The Blackstone Group, Government of Singapore Investment Corp. (GIC) and the Louisiana Teachers Retirement System has invested $1.5 billion in the development of Sabine Pass, Cheniere Energy Partners’ liquefied natural gas (LNG) export plant in western Cameron Parish, La., according to a report by Reuters. GIC and CIC each have invested $500 million.

Houston-based Cheniere Energy Partners (CEP) is a limited partnership formed by Cheniere Energy. Through its wholly owned subsidiary, Sabine Pass LNG, CEP owns and operates the Sabine Pass

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