22.08.2012 - Asian wealth funds invest in US gas projects
The sovereign wealth funds of China and Singapore have invested a combined $1 billion (Dh3.67 billion) in a US plant that will export cheap liquefied natural gas (LNG) to Asia, a source said, becoming the latest Asian institutions to tap into the gas boom in the United States. China Investment Corp (CIC) and the Government of Singapore Investment Corp have pumped in around $500 million each in US-based Cheniere Energy Partners LP’s planned LNG export plant, a source with knowledge of the matter said on Tuesday...............................................Full Article: Source
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