MidOcean Energy, a portfolio company of private equity investor EIF, has acquired interests in four liquid natural gas (LNG) projects in Australia from Tokyo Gas Co Ltd for a combined $2.2 billion, according to a report by MarketWatch.
The deal, which marks the launch MidOcean’s strategy to construct a diversified, global pure-play, integrated LNG company, includes ownership stakes in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG.
The report quotes EIG chairman and CEO R Blair Thomas as sating the acquisition provides MidOcean with an LNG portfolio “ideally positioned to supply key customers in Japan, Asia and across the globe for decades to come.”
Read more: Private Equity Wire
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