Blackstone and Leading Canadian Institutional Investors Announce $3.1B Investment in Mitsubishi Corporation’s Interest in LNG Canada
Business Wire•02/11/2026•01:30 ET
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Key Highlights
- ➤$3.1 billion investment acquires 49.9% non-controlling interest in MC’s LNG Canada subsidiary
- ➤LNG Canada Phase 2 expansion will double capacity to 28 million tonnes annually
- ➤Mitsubishi Corporation remains controlling partner and retains its full LNG offtake share
- ➤Investor group includes CPP Investments, OMERS, IMCO and PSP Investments
Expert Statements
Rick Campbell, Senior Managing Director, Blackstone Credit & Insurance
“We are proud to join Mitsubishi Corporation, a global leader with more than 50 years of experience across the LNG value chain, as a financial partner to support one of Canada’s most significant energy projects. This project will help meet rising energy demands across global markets.”
Zachary Rubenstein, Managing Director, Blackstone Credit & Insurance
“This announcement builds on our deep conviction in Canada, our partnership with the country’s leading institutional investors and our ability to provide large corporates with flexible solutions to unlock value from their most critical assets.”
Geoff Souter, Managing Director, Head of Real Assets Credit, CPP Investments
“LNG Canada is a high-quality, globally strategic asset with strong long-term fundamentals and attractive return potential for the CPP Fund.”
Geoff Souter, Managing Director, Head of Real Assets Credit, CPP Investments
“We see this as a compelling opportunity to invest at scale here in Canada alongside Mitsubishi Corporation, Blackstone and our Canadian peers.”
Blackstone and Leading Canadian Institutional Investors Announce $3.1B Investment in Mitsubishi Corporation’s Interest in LNG Canada
Investor group includes CPP Investments, OMERS, IMCO and PSP Investments
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