China Buys Slice of Trinidad LNG

China Investment Corp, the Chinese sovereign wealth fund, has agreed to acquire a 10% stake in the LNG Atlantic liquefaction plant in Trinidad and Tobago from GDF Suez. CIC will pay EUR600m ($858m) for the stake, which is part of a larger cooperation agreement. The two entities have signed a memorandum of understanding for cooperation across businesses and regions, which includes a EUR2.3bn investment by CIC in Suez’s E&P division. Barclays and JPMorgan advised Suez.