In September 2004, Haddington made its initial investment in Gulf Coast LNG, LP to develop the Calhoun LNG re-gasification terminal at the Port of Port Lavaca in Point Comfort on the Texas Gulf Coast. To meet the challenge of the growing demand for natural gas in the U.S. and to provide a safe, reliable, long-term, and competitive source of energy, Gulf Coast LNG Partners, L.P. planned to develop a Liquefied Natural Gas (LNG) receiving, storage, and regasification facility at the port. The permitted site was on the Matagorda Ship Channel, 100 miles southwest of Houston.  In 2011, Haddington ceased development activities due to an influx of shale gas which has significantly changed the macro energy environment in the U.S, effectively closing the story on the final investment in an otherwise successful HEP Fund I and Fund II.