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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore’s Temasek Investing $468mln in US LNG Venture

Posted on 10 October 2013

Temasek Holdings Pte. Ltd., Singapore’s sovereign wealth fund and RRJ Capital will jointly invest about $468 million in liquid natural gas company Cheniere Energy Inc. as Singapore pursues its goal of becoming an Asian LNG hub.
Cheniere said Monday it plans to use the proceeds from Temasek and RRJ’s investments with cash on hand to buy $500 million of the $2 billion of equity securities anticipated to be issued by Cheniere Energy Partners LP. The move will help finance the Sabine Pass LNG liquefaction project, which will cool natural gas into a liquid form so it can be shipped on specially designed tankers………………………………………..Full Article: Source


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