Western LNG LLC has announced a private placement of equity securities, with over $150 million in commitments.
They received an anchor investment of $150 million from Blackstone Energy Transition Partners, an affiliate of Blackstone. Joining in the private placement were affiliates of Jefferies and Transition Equity Partners, as well as other existing and new investors.
The funding will go toward development of the Ksi Lisims LNG and Prince Rupert Gas Transmission (PRGT) projects through to a Final Investment Decision (FID).
In total, financial support for both of these projects is now at over $265 million.
