MidOcean Energy, a LNG company backed by EIG, has agreed to acquire a 20 percent stake in Peru LNG, the first and only LNG export plant in South America, from SK Earthon for an undisclosed amount. The deal will expand MidOcean’s global LNG portfolio, which also includes four Australian LNG projects that the company is…
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EIG to buy Brazilian offshore oil and gas company Ocyan for US$390 million
EIG, a global energy and infrastructure investor, announced today that it has agreed to buy Ocyan, a Brazilian offshore oil and gas solutions provider, from Novonor and BNDES for US$390 million. The deal will help Novonor pay off some of its debt to BNDES, the Brazilian development bank. Ocyan operates four floating production units in…
EIG agrees to but 10% stake in Australia Pacific LNG for $1.59bn
WASHINGTON: EIG has entered into a definitive agreement to acquire a 10% interest in Australia Pacific LNG Pty Limited (APLNG) from Origin Energy Limited for an equity purchase price of $1.592 billion. “This innovative agreement represents the first ever acquisition of an interest in an operational integrated LNG project by a private equity sponsor, a…