Blackstone-Led Investor Group to Invest $3.1 Billion in LNG Canada

09:49 AM EST, 11/02/2026 (MT Newswires) -- A Blackstone-led investor group agreed to invest $3.1 billion to acquire a 49.9% non-controlling interest in a Mitsubishi subsidiary holding a stake in LNG Canada. Mitsubishi will remain the controlling partner and retain its full share of liquefied natural gas offtake, Blackstone said Monday. The investor group, led by funds managed by Blackstone Credit & Insurance, includes Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, the Investment Management Corporation of Ontario, and The Public Sector Pension Investment Board. LNG Canada is a liquefied natural gas export terminal with a Phase 2 expansion set to double its production capacity to 28-million tonnes per year.