Blackstone Credit & Insurance Leads $7 Billion Investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2

NEW YORK – September 23, 2025 – Blackstone Credit & Insurance (“BXCI”) is leading a $7 billion investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2.
Funds managed by BXCI, together with an investor consortium, have acquired a 49.9% minority equity interest in the project. Sempra Infrastructure Partners has retained a 50.1% majority stake.
“We are proud to partner with Sempra Infrastructure on this critical project which will help address rising global energy demands,” said Rick Campbell, Senior Managing Director, Blackstone Credit & Insurance. “The partnership highlights Blackstone’s focus on providing large scale and flexible high-grade capital solutions to the world’s leading corporations.”
“This investment led by Blackstone Credit & Insurance represents an important step forward in the advancement of Port Arthur LNG Phase 2,” said Faisel Khan, Senior Vice President and Chief Financial Officer, Sempra Infrastructure. “We recognize the strength of this distinguished group of investors who share our commitment to delivering reliable energy to global markets. This milestone reflects the strength of our team and our strategy to build world-class infrastructure that supports energy security and economic growth.”
Morgan Stanley & Co. LLC acted as financial advisor and Milbank LLP acted as legal counsel to BXCI.