Abu Dhabi Investment Authority (ADIA) has bought a 10% non-controlling stake in Sempra Infrastructure for US$1.73 billion
Sempra Infrastructure, part of Sempra, currently operates the Cameron LNG export terminal in Hackberry, Louisiana and recently awarded contracts for the phase 2 development works at the site. It is developing the Port Arthur export terminal in Texas, US, and the Energia Costa Azul (ECA) LNG receipt, storage and regasification terminal, in Baja California, Mexico. The company also operates natural gas infrastructure in the US and energy infrastructure in Mexico, including clean energy generation and refined product terminals.
Sempra now owns a 70% stake in Sempra Infrastructure, with KKR owning 20%. ADIA’s investment was first announced in December 2021 and the transaction has now completed.
(Source: Tank Storage Magazine in Terminal News, June 9, 2022)