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Kimmeridge Acquires 90% Stake in Commonwealth LNG
(Reuters) — Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied natural gas export project Commonwealth LNG, it said on Tuesday. The investment will allow the project to move ahead, the companies said. The sum paid for the controlling interest was not disclosed. Kimmeridge appointed former BP Americas head David Lawler as CEO of Kimmeridge Texas Gas, effective immediately. "We are excited to take a controlling interest in Commonwealth LNG as we integrate our business....and look forward to the completion of a best-in-class LNG export ... (full story)