Blackstone /
LNG Canada
Blackstone-led group agrees $3.1 billion deal for a stake tied to Mitsubishi's LNG Canada interest
- Price
- $3.1 billion
- Stage
- Agreement signed
- Seller
- Mitsubishi Corporation
What happened
Funds managed by Blackstone Credit & Insurance, alongside CPP Investments, OMERS, IMCO and PSP Investments, have agreed to invest $3.1 billion for a 49.9% non-controlling interest in the Mitsubishi Corporation subsidiary that holds its share of LNG Canada.
LNG Canada is the country's first and only large-scale LNG export terminal, and its Phase 2 expansion would double capacity to 28 million tonnes per annum. Mitsubishi Corporation stays the controlling partner and keeps its full share of LNG offtake.
The source
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Estimate
$3.1bn Price
Blackstone-led group agrees $3.1 billion deal for a stake tied to Mitsubishi's LNG Canada interest
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Deal Web
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Agreement signed · Blackstone and LNG Canada: investment, sold by Mitsubishi Corporation (Agreement signed, published 2 Nov 2026).
Published 2 Nov 2026- Published by the source
Deal Web as a list
- Blackstone (Buyer) investment this deal. Blackstone: 8 deals on Carrywatch.
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