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Latham & Watkins Advises EIG in Sale of its 49% Interest in US East Coast LNG Infrastructure Asset

May 31, 2022
A multidisciplinary team advises the energy and infrastructure investor in the transaction with Blackstone Credit.

Blackstone Credit has acquired EIG’s 49% ownership interest in Elba Liquefaction Company (ELC), a joint venture entity of the Elba Island LNG facility. Kinder Morgan (NYSE: KMI) will remain as the operator and retain its 51% ownership of ELC.

Latham & Watkins represented EIG in the transaction with a corporate deal team led by New York partner Charlie Carpenter and Houston partner Lauren Anderson, with Houston associates Alice Parker, Brea Buck, Ben Marek, and Vera Bespalova. Advice was also provided on finance matters by New York partner Jonathan Rod, with Washington, D.C. associate Carlos Ardila and New York associate Tianyu Wang; on tax matters by New York partner Greg Hannibal, with New York associate Ron Moore; on regulatory matters by Washington, D.C. partner Patrick Nevins and London partner Nathan Seltzer, with London associate Christopher Ting; on environmental matters by Los Angeles counsel Joshua Marnitz; and on antitrust matters by Washington, D.C. counsel Britton Davis.