Document
Change in Control: Rio Grande LNG, LLC
The Office of Fossil Energy and Carbon Management (FECM) of the Department of Energy (DOE) gives notice of receipt of a Statement and Notice of Change in Control (Notice) filed ...
SUPPLEMENTARY INFORMATION:
Summary of Change in Control
Rio Grande LNG states that, by means of a transaction (Transaction) that closed on October 1, 2024, its upstream ownership structure has changed. According to Rio Grande LNG, BlackRock, Inc. (BlackRock), a publicly traded investment management firm domiciled in the United States, acquired 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM), a global independent infrastructure fund manager headquartered in New York. GIM indirectly owns GIP V Velocity Acquisition Partners, L.P. (GIP V Velocity), an indirect upstream owner of a minimum of 46.12% economic interest in Rio Grande LNG Intermediate Holdings, LLC (RGIH), which, in turn, indirectly owns 100% of Rio Grande LNG. Accordingly, as a result of the Transaction, BlackRock now indirectly owns a minimum of 46.12% economic interest in RGIH. In sum, Rio Grande LNG states that only the ownership of GIM is being modified as a result of the Transaction, and there are no modifications to RGIH's ownership of Rio Grande LNG.
Additional details can be found in the Notice, posted on the DOE website at:
https://www.energy.gov/sites/default/files/2024-11/Rio%20Grande%20DOE%20CIC%20Filing.pdf.
DOE Evaluation
DOE will review the Notice in accordance with its Procedures for Changes in Control Affecting Applications and Authorizations to Import or Export Natural Gas (CIC Procedures).[]
Consistent with the CIC Procedures, this notice addresses Rio Grande LNG's existing authorization to export liquefied natural gas (LNG) to countries with which the United States has not entered into a free trade agreement (FTA) requiring national treatment for trade in natural gas and with which trade is not prohibited by United States law or policy (non-FTA countries), granted in DOE/FE Order No. 4492, as amended.[]
If no interested person protests the change in control and DOE takes no action on its own motion, the proposed change in control will be deemed granted 30 days after publication in the
Federal Register
. If one or more protests are submitted, DOE will review any motions to intervene, protests, and answers, and will issue a determination as to whether the proposed change in control has been demonstrated to render the underlying authorizations inconsistent with the public interest.
Public Comment Procedures
Interested persons will be provided 15 days from the date of publication of this notice in the
Federal Register
to move to intervene, protest, and answer Rio Grande LNG's Notice.[]
Protests, motions to intervene, notices of intervention, and written comments are invited in response to this notice only as to the change in control described in the Notice. All protests, comments, motions to intervene, or notices of intervention must meet the requirements specified by DOE's regulations in 10 CFR part 590, including the service requirements.
Filings may be submitted using one of the following methods:
(1) Submitting the filing electronically at
fergas@hq.doe.gov;
(2) Mailing the filing to the Office of Regulation, Analysis, and Engagement at the address listed in the
ADDRESSES
section; or
(3) Hand delivering the filing to the Office of Regulation, Analysis, and Engagement at the address listed in the
ADDRESSES
section.
For administrative efficiency, DOE prefers filings to be filed electronically. All filings must include a reference to “Docket No. 15-190-LNG” in the title line, or “Rio Grande LNG, LLC Change in Control” in the title line.
For electronic submissions:
Please include all related documents and attachments (
e.g.,
exhibits) in the original email correspondence. Please do not include any active hyperlinks or password protection in any of the documents or attachments related to the filing. All electronic filings submitted to DOE must follow these guidelines to ensure that all documents are filed in a timely manner.
The Notice, and any filed protests, motions to intervene, notices of intervention, and comments will be available electronically on the DOE website at
www.energy.gov/fecm/regulation.
Signed in Washington, DC, on November 19, 2024.
Amy R. Sweeney,
Director, Office of Regulation, Analysis, and Engagement, Office of Resource Sustainability.