Kirkland Advises KKR on Investment in Phase 2 of Sempra Infrastructure Partners’ Port Arthur LNG Project

Kirkland & Ellis advised KKR on an investment in Phase 2 of Sempra Infrastructure Partners' Port Arthur LNG project. This new phase will include two natural gas liquefaction trains, one LNG storage tank and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum of U.S.-produced LNG. Led by Blackstone Credit & Insurance, together with an investor consortium including KKR, Apollo-managed funds and Private Credit at Goldman Sachs Alternatives, the investors have acquired a 49.9% minority equity interest for $7 billion. Sempra Infrastructure Partners has retained a 50.1% majority stake in the project. Sempra announced its final investment decision to advance the development, construction and operation of Port Arthur LNG Phase 2 on September 23, 2025.

Read Sempra's press release

The Kirkland team included corporate lawyers John Pitts, Brittany Sakowitz and Gabrielle Sumich; and debt finance lawyers Roald Nashi and Jacqueline Trudeau.