MidOcean Energy, an LNG enterprise managed by EIG, has announced a strategic investment by Mitsubishi Corporation. This partnership aims to bolster MidOcean’s growth strategy, creating a diversified and integrated global LNG company.
Mitsubishi Corporation brings over five decades of experience in the LNG sector to the table, with investments spanning 12 projects in eight countries.
The collaboration is set to advance the energy transition, with Mitsubishi Corporation committed to evolving its operations towards carbon neutrality while maintaining its role as a reliable energy supplier.
The investment is a vote of confidence in MidOcean’s momentum since its inception in late 2022, further solidified by its recent acquisition of Australian LNG projects from Tokyo Gas. De la Rey Venter, CEO of MidOcean Energy, and R. Blair Thomas, CEO of EIG, both expressed enthusiasm for the future prospects of the LNG market and the opportunities this partnership will create.
EIG, with $22.9 billion in managed assets, is a prominent player in the energy investment landscape, boasting a history of significant contributions to the sector. MidOcean Energy, under the leadership of industry veteran De la Rey Venter, is poised to play a pivotal role in the energy transition, emphasizing LNG’s strategic importance as a geopolitical energy resource.