Rising demand for LNG exports and midstream infrastructure here at home is bringing a major change to how alternative asset managers play their financing cards to help developers get large projects off the ground. Those dominating the field to no surprise include Apollo Global Management, Blackstone, and KKR.

Reese Energy Consulting today is following the latest news from Reuters, which reports alternative asset managers are “reshaping how America’s energy infrastructure is financed” by deploying cash from their insurance arms to greenlight FIDs and become major backers of LNG export and oil and gas pipeline projects.

And, frankly, why wouldn’t they?

According to Blackstone Credit and Insurance, this coupling of assets offers low-risk steady returns and long-term investments. Not to mention ideal timing given the changing energy landscape amid extraordinary capital requirements faced by developers to sign the bottom line and go forth to build.

Insurance cash this year has put the giddy-up on FIDs for LNG and midstream projects to the tune of $20.35 billion. Deals have included $7 billion for Phase II of Sempra’s Port Arthur LNG terminal; $5.34 billion for power projects led by Williams; and $9 billion to ONEOK.