Commodities
Insurance Cash Fuels Boom in US LNG and Pipeline Projects
The investment landscape for U.S. liquefied natural gas (LNG) and pipeline projects has undergone significant changes in recent years, driven by alternative investors deploying cash from their insurance arms.
Apollo Global Management, Blackstone, and KKR are among the major players in this space, backing projects worth billions of dollars.
The influx of capital is well-timed for the industry, which is experiencing high demand for energy exports and power generation to support new artificial intelligence infrastructure.
In 2026 alone, alternative investors have been involved in transactions worth $20.35 billion in the LNG and midstream sector, more than double the value of deals struck in all of 2024.