Blackstone, the private equity group, invested $2 billion into Cheniere Energy Partners. The investment will help Cheniere Energy build a facility in Louisiana; which will help process natural gas that will be shiped to Europe, Asia and other markets. This move by Blackstone will help make shipping natural gas easier and can be seen as an investment towards natural gas. El Paso Corporations sells units to Apollo group for $7.15 Billion El Paso Corpoartions sold its exploration and production business for $7.15 billion -- one of the biggest leveraged buyouts since the end of the recent financial crisis. This deal marks another takeover in the oil and natural gas industry. This transaction also represents the impact of fracking and the influx of deals surrounding this type of natural gas drilling.
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Editorial Staff
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