Kinder Morgan sells 49-percent interest in Elba Liquefaction Co.

Investment funds managed by EIG Global Energy Partners have become a 49-percent joint venture participant in Elba Liquefaction Co. LLC (ELC), which will own 10 liquefaction units and other ancillary equipment to be constructed as part of the Elba Liquefaction Project at Kinder Morgan Inc.’s (KMI’s) existing Southern LNG Co. LLC Elba Island LNG facility near Savannah, Georgia. To acquire its membership interest, EIG has made an upfront cash payment of approximately $385 million, consisting of reimbursement to KMI for EIG’s 49-percent share of prior ELC capital expenditures, excluding capitalized interest, and a payment of approximately $170 million in excess of capital expenditures in consideration of the value created by KMI in developing the project to this stage.

Initial liquefaction units are currently expected to be placed in service in mid- 2018, with final units coming on line by early 2019.

For more information, visit or call (713) 369-9000.

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