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Kinder Morgan Inc. (KMI) is selling a 49 percent stake in Elba Liquefaction Company LLC to investment funds managed by EIG Global Energy Partners. EIG is paying Kinder Morgan about $385 million in cash up front, consisting of about $215 million for EIG's prior capital expenditures excluding capitalized interest and approximately $170 million in consideration of the value KMI created in developing the project to this stage. The private equity firm, which has U.S. offices in Houston and Washington, D.C., will also fund its share of future capital expenditures.
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