MidOcean Energy finishes Australian acquisitions

Liquefied natural gas (LNG) company MidOcean Energy has completed its acquisition of Tokyo Gas Co.’s interests in a portfolio of Australian integrated LNG projects.

The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, and spans the LNG value chain from upstream operations to midstream, liquefaction and sales. As part of the transaction, MidOcean will open an office in Perth, Australia, to support and oversee the projects.

MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, an institutional investor in the global energy and infrastructure sectors, announced the completion of its previously announced agreement to acquire Tokyo Gas Co.’s interests in a portfolio of Australian integrated LNG projects. (Image: MidOcean Energy)

“The acquisition of these high quality, cash flowing LNG projects is a significant milestone in MidOcean’s strategy to build a diversified, global ‘pure play’ integrated LNG company that supports the world’s transition to a low-carbon future,” said De la Rey Venter, MidOcean’s CEO. “This transaction accelerates our ambition to be a leading player in the global LNG sector for decades to come, and we look forward to servicing key LNG customers in Japan, Asia and across the globe.”

Image: MidOcean Energy

MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, an institutional investor in the global energy and infrastructure sectors, announced the completion of its previously announced agreement to acquire Tokyo Gas Co.’s interests in a portfolio of Australian integrated LNG projects. (Image: MidOcean Energy)