IFM Global Infrastructure Fund has contributed its 57.6% equity interest in Freeport LNG's second liquefaction train into Buckeye Partners.
Train 2 successfully began commercial operations on January 17 with gas deliveries from BP under its 20-year tolling agreement.
Clark C. Smith, president and CEO, says: 'The contribution of IFM Global Infrastructure Fund's equity interest in Train 2 is the first step in a broader diversification strategy for Buckeye and further demonstrates IFM's support of and commitment to Buckeye.
'The Train 2 equity interest will meaningfully increase our cashflows as well as decrease leverage.'
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