The Financial Post reports in its Tuesday edition that a Blackstone-led investor group has agreed to acquire a stake in LNG Canada's liquefaction business from Mitsubishi for $4.3-billion. A Bloomberg dispatch to the Post says other investors in the transaction for the 49.9-per-cent stake owned by Mitsubishi include Canada Pension Plan Investment Board, Ontario Municipal Employees Retirement System, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board. Mitsubishi, one of Japan's largest liquefied natural gas suppliers, will remain the controlling partner and keep its full share of the LNG offtake. The choking of energy transportation through the Strait of Hormuz since the Iran War has spurred LNG importers to seek out supplies beyond the Middle East. Meanwhile Prime Minister Mark Carney has relaxed environmental restrictions and embraced conventional energy development more than his predecessor Justin Trudeau. Blackstone president Jon Gray called Canada a "sleeping giant economically" at an investment summit in Toronto in September. Canada's natural resources, looser regulatory policies and access to private capital offered the country massive opportunities to grow, Mr. Gray said.