GE’s Energy Investing Unit Pumps $150 Million into Liquefied Natural Gas Terminal, Expanding Core US Infrastructure

Apr 1st, 2010 | By | Category: Energy Conservation, LNG

GE Energy Financial Services — pursuing its strategy of helping to build core, essential energy infrastructure — has announced that it is investing $150 million in a liquefied natural gas receiving terminal under construction in Mississippi that will increase natural gas supplies to the Northeast and Southeast United States. The business unit of GE is acquiring Houston-based investor Crest Group’s 30 percent interest in the fully contracted $1.1 billion Gulf LNG Energy terminal, expected to be completed late next year.

via GE’s Energy Investing Unit Pumps $150 Million into Liquefied Natural Gas Terminal, Expanding Core US Infrastructure | TradingMarkets.com.

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