BX · News · 20261103N

LNG Canada Investment

Blackstone Inc. · 2026-11-03 · Importance 34 · Surprise 42

Blackstone Credit & Insurance and Canadian institutional investors agreed to invest $3.1 billion for a 49.9% noncontrolling interest in a Mitsubishi Corp. subsidiary holding an interest in LNG Canada. Mitsubishi will retain control and its full share of LNG output. The investment supports LNG Canada’s Phase 2 expansion, which is planned to double production capacity to 28 million metric tons annually.