BX · News · 20261103N

LNG Canada Stake Acquisition

Blackstone Inc. · 2026-11-03 · Importance null · Surprise null

Blackstone and four Canadian institutional investors invested US$3.1 billion to acquire a 49.9% non-controlling stake in a Mitsubishi subsidiary holding an interest in LNG Canada. The investment supports LNG Canada’s Phase 2 expansion, which is intended to double capacity to 28 million metric tons annually. Mitsubishi will retain control and its full share of LNG output; environmental groups have opposed pension-fund investment in fossil-fuel projects.

Key facts

• Blackstone Credit & Insurance and a consortium of Canadian institutional investors agreed to invest $3.1 billion for a 49.9% noncontrolling interest in a Mitsubishi Corp. subsidiary that holds Mitsubishi's stake in the LNG Canada liquefaction business. source
• Blackstone and four Canadian institutional investors collectively invested US$3.1 billion to acquire a 49.9% non-controlling stake in a Mitsubishi Corp. subsidiary that holds an interest in LNG Canada. source