Investment firm Stonepeak said it would buy Teekay LNG Partners TGP.Nin a deal worth $6.2 billion as it looks to take advantage of rising global demand for LNG amid a push towards cleaner sources of energy. Prices of the benchmark U.S. natural gas contract have been on the rise, hitting seven-year highs recently. On Monday, .
Investment firm Stonepeak said on Monday
it would buy Teekay LNG Partners in a deal worth $6.2
billion, as it looks to take advantage of rising global demand
for LNG amid a push towards cleaner. | October 4, 2021
New Fortress Energy acquires Hygo Energy and GMLP
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US-based New Fortress Energy (NFE) has completed its acquisition of Hygo Energy Transition and Golar LNG Partners (GMLP).
Hygo Energy Transition is a joint venture equally owned by Golar LNG Limited (GLNG) and Stonepeak Infrastructure Fund II Cayman, a fund managed by Stonepeak Infrastructure Partners.
NFE purchased the outstanding shares of Hygo by issuing 862,745 shares and $50m in cash to GLNG as well as 12,745,098 shares and $530m in cash to Stonepeak.
NFE also purchased all the outstanding common units of GMLP for $3.55 per common unit in cash, as well as GMLP’s general partner for an equivalent consideration.