EIG’s LNG company MidOcean Energy announced April 1 an investment from Mitsubishi Corp. to accelerate MidOcean’s global portfolio. Details about Mitsubishi’s investment were not disclosed.
Mitsubishi, which has been active in the LNG sector for over 50 years, said it aims to achieve a carbon-neutral society while meeting evolving energy needs of its customers.
“Welcoming an industry heavyweight such as Mitsubishi Corp. as an anchor investor and strategic partner accelerates MidOcean’s progress in creating a large-scale, pure play global LNG company,” said R. Blair Thomas, EIG’s chairman and CEO in a press release.
Thomas said that global energy transition needs are rapidly contributing to global LNG demand and this investment is an “important” opportunity for MidOcean.
MidOcean also recently acquired three Australian LNG interests from Tokyo Gas.
Recommended Reading
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.